Last week's Freddie Mac Primary Mortgage Market Survey showed the 30-year mortgage rate dropping for the fourth consecutive week and hitting a new low for 2017.
The 30-year fixed-rate mortgage (FRM) averaged 4.08 percent with an average 0.5 point for the week ending April 13, 2017, down from the previous week when it averaged 4.10 percent, according to the report. A year ago, the 30-year FRM averaged 3.58 percent.
The 15-year FRM averaged 3.34 percent with an average 0.5 point, down from the previous week's average of 3.36 percent. A year ago, the 15-year FRM averaged 2.86 percent.
Learn more here