Rates for 30-year home loans fell below 5 percent this week but remained above last month’s record lows.
The average rate on a 30-year, fixed-rate mortgage was 4.99 percent, down from 5.06 percent a week earlier, mortgage company Freddie Mac said Thursday.
It was the third straight weekly decline. The drop comes after interest rates fell in the bond market this week as concerns about the economy increased demand for the safety of government debt, which is closely tied to mortgage rates.
The average rate on 15-year, fixed-rate mortgages …
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