WASHINGTON — U.S. long-term mortgage rates changed little this week, flattening in recent weeks after a yearlong decline amid economic anxiety in the recession set off by the coronavirus pandemic. Home loan rates have remained at historically low levels.
Mortgage buyer Freddie Mac — the Federal Home Loan Mortgage Corp. — reported Thursday that the average rate on the 30-year loan eased to 2.87% from 2.88% last week. By contrast, the rate averaged 3.57% a year ago.
The average rate on the 15-year fixed-rate mortgage ticked up to 2.37% from 2.36%.