For the third consecutive week, mortgage rates edged down, with the 30-year fixed-rate mortgage continuing its run below 4 percent. The 30-year mortgage rate dropped 11 basis points to 3.81 percent, the lowest rate in three months. Freddie Mac reports the following national averages with mortgage rates for the week ending Jan. 21:
- 30-year fixed-rate mortgages: averaged 3.81 percent, with an average 0.6 point, dropping from last week's 3.92 percent average. Last year at this time, 30-year rates averaged 3.63 percent.
- 15-year fixed-rate mortgages: averaged 3.10 percent, with an average 0.5 point, falling from last week's 3.19 percent average. A year ago, 15-year rates averaged 2.93 percent.
Source: RosaPace.realtor.com
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