Average U.S. rates on fixed mortgages changed little this week and remained slightly above record lows reached earlier this year. The low rates have aided a modest housing recovery, The Associated Press reports.
Mortgage buyer Freddie Mac said Thursday the rate on the 30-year loan slipped to 3.55 percent, down from 3.59 percent last week. Six weeks ago, the rate fell to 3.49 percent, the lowest since long-term mortgages began in the 1950s.
The average on the 15-year fixed mortgage, a popular refinancing option, was unchanged at 2.86 percent. That’s above the record low of 2.80 percent reached six weeks ago.
