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US mortgage rates fall to their lowest levels in five months

Shift in investment sentiment behind tumble: economist

Published Fri, Apr 21, 2017 · 09:50 PM
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Washington

US mortgage rates continued their month-long swoon, sinking to their lowest levels in five months.

According to the latest data released on Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 3.97 per cent with an average 0.5 point. It was 4.08 per cent a week ago and 3.59 per cent a year ago. The 30-year fixed rate hasn't dipped below 4 per cent since November.

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