Average US Mortgage Rates Decline; 30-Year at 4.59 Percent

In this July 9, 2018, file photo, a for sale sign stands outside a pre-existing home, in Walpole, Mass. Long-term U.S. mortgage rates rose for the second straight week, continuing to dampen prospects for potential homebuyers. Photo: AP/Steven Senne, File
In this July 9, 2018, file photo, a for sale sign stands outside a pre-existing home, in Walpole, Mass. Long-term U.S. mortgage rates rose for the second straight week, continuing to dampen prospects for potential homebuyers.

August 09, 2018 03:32 PM

Long-term U.S. mortgage rates are down this week amid a restrained home buying season this summer.

Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages slipped to 4.59 percent from 4.60 percent last week.

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Credits

The Associated Press

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