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Freddie Mac said Thursday the average rate on the 30-year mortgage dropped to 4.71 percent this week from 4.77 percent the previous week. It hit a 40-year low of 4.17 percent in November.
The average rate on the 15-year loan slipped to 4.08 percent from 4.13 percent. It reached 3.57 percent in November, the lowest level on records starting in 1991.
Fannie Mae also provides financing ticklers and in September announced a seller-assistance incentive on the website. The recent changes are twofold. First, qualified homebuyers who will be owner-occupants can receive up to 3.5 percent of the final sales price that can be used toward closing-cost assistance, including a home warranty if desired and available