WASHINGTON -- The average U.S. rate on the 30-year fixed mortgage stayed this week at the lowest level on record. Cheap mortgages have helped drive a modest housing recovery.
Mortgage buyer Freddie Mac says the average on the 30-year loan was 3.66 percent. That's unchanged from last week.
The average on the 15-year mortgage slipped to 2.94 percent, down from 2.95 percent last week. It matches the record-low 2.94 percent three weeks ago.