Rates for home loans declined for the third straight week, in line with the broader bond market, but not in time to help much of the housing market. The 30-year fixed-rate mortgage averaged 4.51% in the Aug. 23 week, down two basis points, according to Freddie Mac’s weekly survey. That was the lowest point for the popular product since mid-April. The 15-year fixed-rate mortgage, meanwhile, averaged 3.98%, down from 4.01%.
Source: Market Watch