WASHINGTON (AP) — The average long-term U.S. mortgage rate moved lower for the third straight week, providing a bit of relief for prospective homebuyers who continue to face high home prices.
The average rate on a 30-year fixed mortgage in the United States slipped to 7.18% from 7.24% the previous week, mortgage buyer Freddie Mac said. A year earlier, the average stood at 6.22%.
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