John SkinnerThe typical interest rate for a 30-year fixed-rate mortgage was virtually unchanged this week, hovering just under 5%, Freddie Mac said on Thursday.
The rate edged down from 4.99% to 4.98%, according to the weekly Freddie Mac survey, which assumed that borrowers had a down payment of at least 20% and paid 0.6 points in upfront lender fees and points. Buyers often pay higher points to obtain a lower rate.
The average rate on a 15-year fixed mortgage was 4.39%, down from 4.40% last week.
