4.55%: Interest Rates Keep on Falling
Long-term mortgage rates dipped again this week, as Freddie Mac reported 4.55 percent with 0.6 of a point as the average on a 30-year fixed-rate mortgage, down from 4.6 percent with 0.7 of a point last week. Today's rate represents the lowest long-term rate in the past six months, and the seventh week in a row that rates have dropped.