Average US 30-year mortgage rate dips to 4.15 per cent

WASHINGTON — Long-term mortgage rates slipped again this week.

Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate loans eased to 4.15 per cent from 4.17 per cent last week. The benchmark rate stood at 3.65 per cent a year ago and averaged 3.65 per cent through 2016, lowest in records going back to 1971.

The rate on 15-year mortgages dropped to 3.35 per cent this week from 3.39 per cent and 2.95 per cent a year ago.

Both rates fell for the second straight week.