WASHINGTON (AP) — Average U.S. rates on fixed mortgages declined last week, edging closer to historically low levels.

Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan fell to 4.32 percent from 4.37 percent last week. The average for the 15-year mortgage eased to 3.32 percent from 3.38 percent.

Recommended Stories

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

Average US 30-year mortgage rate eases to 4.29 pct

Fed weighed slowing its pace of bond purchases