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Average US 30-year mortgage rate down to 4.32 pct.

By The Associated Press
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Average US 30-year mortgage rate down to 4.32 pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages fell this week to their lowest point in two months. The decline follows the Federal Reserve’s decision last week to hold off slowing its monthly bond purchases.

Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan dropped to 4.32 percent from 4.50 percent last week. The average on the 15-year fixed loan declined to 3.37 percent from 3.54 percent.

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