Mortgage rates fall for first time this year

|By:, SA News Editor

Mortgage rates fell for the first time following nine consecutive weeks of increases, according to Freddie Mac's latest weekly survey.

The benchmark 30-year fixed-rate mortgage averaged 4.44% during the week ending March 15, down from last week when it averaged 4.46%, and the 15-year fixed-rate mortgage averaged 3.90%, down from last week's 3.94%.

A year ago at this time, the 30-year and 15-year fixed rates averaged a respective 4.30% and 3.50%.


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