Business

Average US 30-year mortgage rate eases to 4.29 pct

By Washington Examiner
Published May 1, 2014 2:49pm ET
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Average US 30-year mortgage rate eases to 4.29 pct
In this Thursday, Jan. 9, 2014 file photo, a for sale sign hangs in front of a house in Mount Lebanon, Pa. Freddie Mac reports on average U.S. mortgage rates on Thursday, May 1, 2014. (AP Photo/Gene J. Puskar, File) | Gene J. Puskar

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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