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Time to refinance? Average US 30-year mortgage rate eases to 3.47 percent

Posted: 12:58 PM, Oct 27, 2016
Updated: 2016-10-27 19:00:58Z
Long-term U.S. mortgage rates declined this week, moving closer to historically low levels. Mortgage giant Freddie Mac says the average for a 30-year fixed-rate mortgage eased to 3.47 percent from 3.52 percent last week. 
 
The benchmark rate is down from 3.76 percent a year ago and close to its all-time low of 3.31 percent in November 2012.
 
The 15-year fixed-rate mortgage, popular with homeowners who are refinancing, ticked down to 2.78 percent from 2.79 percent.

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