Mortgage rates fall for 3rd week in a row
5/27/2011NEW YORK — Fixed mortgage rates hit the lowest point of the year for the third straight week.
Freddie Mac said Thursday the average rate on the 30-year loan fell to 4.60 percent from 4.61 percent. That’s the lowest point since mid-December. The average rate on the 15-year fixed mortgage, a popular refinance option, slipped to 3.78 percent from 3.80 percent. That marked the lowest level since late November.