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VOL. 41 | NO. 32 | Friday, August 11, 2017

Average US mortgage rates edge lower; 30-year at 3.89 pct.

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WASHINGTON (AP) — Long-term U.S. mortgage rates edged lower this week.

Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages slipped to 3.89 percent from 3.90 percent last week. While historically low, that's still above last year's average of 3.65 percent. The benchmark rate stood at 3.43 percent a year ago.

The rate on 15-year, fixed-rate home loans, popular with homeowners who are refinancing their mortgages, fell to 3.16 percent from 3.18 percent last week.