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Average rate on 30-year mortgages dips this week

By Martin Crutsinger
Published July 3, 2014 3:39pm ET
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Average rate on 30-year mortgages dips this week
This Monday, May 19, 2014 photo shows a duplex home for sale in the Coconut Grove neighborhood in Miami. Freddie Mac releases weekly mortgage rates on Thursday, July 3, 2014. (AP Photo/Lynne Sladky) | Lynne Sladky

WASHINGTON (AP) — Average U.S. mortgage rates are near historically low levels.

Mortgage company Freddie Mac said Thursday that the nationwide average rate for a 30-year loan dipped to 4.12 percent, down from 4.14 last week. The average for the 15-year mortgage, which had taken a big dip the previous week, was unchanged this week at 3.22 percent.

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