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Average US rate on 30-year mortgage at 4.22 pct.

By Washington Examiner
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Average US rate on 30-year mortgage at 4.22 pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages declined this week after two weeks of increases, keeping home-buying affordable.

Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan fell to 4.22 percent from to 4.35 percent last week. The average on the 15-year fixed mortgage dipped to 3.27 percent from 3.35 percent.

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