Arrow-right Camera

The Spokesman-Review Newspaper The Spokesman-Review

Thursday, December 5, 2019  Spokane, Washington  Est. May 19, 1883
Cloudy 40° Cloudy
News >  Business

Average U.S. 30-year mortgage rate slips to 3.94 percent

Associated Press

WASHINGTON – Long-term U.S. mortgage rates were flat to slightly lower this week, as the key 30-year rate marked a new low for the year.

Mortgage buyer Freddie Mac says the average rate on 30-year fixed-rate home loans slipped to 3.94 percent from 3.95 percent last week. The rate stood at 3.66 percent a year ago and averaged 3.65 percent in 2016, the lowest level in records dating to 1971.

The rate on 15-year mortgages held steady from last week at 3.19 percent.

Subscribe to the Morning Review newsletter

Get the day’s top headlines delivered to your inbox every morning by subscribing to our newsletter.

You have been successfully subscribed!
There was a problem subscribing you to the newsletter. Double check your email and try again, or email webteam@spokesman.com