Freddie Mac: Mortgage Rates Hit Low For Year

Freddie Mac Says Average Rates For 30-year Mortgages Fall To 4.72 Pct., Just Above Record Low

Rates on 30-year fixed mortgages fell this week to the lowest level of the year and were barely shy of the all-time low.

Mortgage finance company Freddie Mac says the average rate sank to 4.72 percent, down from 4.79 percent last week. It was just above the record of 4.71 set last December.