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U.S. 30-year mortgage rates fall to 9-month low - Freddie
August 24, 2017 / 2:30 PM / 3 months ago

U.S. 30-year mortgage rates fall to 9-month low - Freddie

NEW YORK, Aug 24 (Reuters) - Interest rates on U.S. 30-year mortgages fell for a fourth straight week to their lowest level since early November in step with lower Treasury yields, Freddie Mac said on Thursday.

The borrowing cost on 30-year mortgages, the most widely held type of U.S. home loan, averaged 3.86 percent in the week ended Aug. 24, the lowest since the week of Nov. 10 when it was 3.57 percent. Last week, 30-year mortgage rates averaged 3.89 percent, the mortgage finance agency said. (Reporting by Richard Leong; Editing by Chizu Nomiyama)

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