house-for-sale 750xx1200-675-0-63Down again: U.S. mortgage rates fall for 3rd straight week

 

This is a bizjournals.com article.

 

Those winter-time home buyers got promising news this week, as U.S. mortgage rates fell again, according to Freddie Mac.

The average 30-year fixed mortgage averaged 3.81 percent for the week ending Jan. 21, down from 3.92 percent the previous week.

This marks the third straight week of declining mortgage rates.

A year ago, mortgage rates stood at 3.63 percent.

The decrease stems from worry in the financial markets.

This drop reflected weak inflation — 0.7 percent CPI inflation for all of 2015 — and nonstop financial market turbulence that is driving investors to the safe haven of Treasuries,” said Sean Becketti, chief economist for Freddie Mac.

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