WASHINGTON (AP) – Long-term U.S. mortgage rates fell this week, marking their third decline in the past four weeks after increasing last week. mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages was 4.57 percent, down from 4.62 percent last week. By contrast, the 30-year rate averaged 3.90 percent a year ago.

WASHINGTON (AP) – Long-term U.S. mortgage rates fell this week for the second straight week, providing a helpful jolt for potential home buyers.Last week’s decline followed weeks of increases.

US Long-Term Mortgage Rates Fall; 30-Year at 4.55 Percent The average rate on 15-year, fixed-rate loans was unchanged from last week at 4.04 percent Published Jun 28, 2018 at 2:57 PM.

US long-term mortgage rates fall; 30-year at 4.57 percent. The average 30-year mortgage rate reached a high this year of 4.66 percent on May 24; the 15-year rate hit 4.15 percent that day. The Federal Reserve last week raised its benchmark interest rate for the second time this year and signaled that it may step up its pace of rate increases.

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Mortgage rates often take direction from long-term bond yields. The yield on the benchmark 10-year treasury note fell to 2.93 percent Wednesday from 2.97 percent a week earlier. By Thursday.

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Long-term mortgage rates fall; 30-year at 4.55 percent Associated Press Published 3:02 p.m. ET June 28, 2018 In this Wednesday, June 20, 2018 photo, a house is advertised as sold in Miami.

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Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages was 4.57 percent, down from 4.62 percent last week. By contrast, the 30-year rate averaged 3.90 percent a year ago. Putting the recent decline in perspective, long-term loan rates have been running at their highest levels in seven years.

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The average 30-year mortgage rate reached a high this year of 4.66 percent on May 24; the 15-year rate hit 4.15 percent that day. US long-term mortgage rates fall; 30-year at 4.55 percent