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Average US 30-year mortgage rate eases to 4.29 pct

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Average US 30-year mortgage rate eases to 4.29 pct

WASHINGTON (AP) — Average U.S. rates on fixed mortgages declined slightly this week as the spring home-buying season has gotten off to a slow start.

Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan eased to 4.29 percent from 4.33 percent last week. The average for the 15-year mortgage ticked down to 3.38 percent from 3.39 percent.

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