Freddie Mac reports the 30-year fixed mortgage rate averaged 6.95% for the week ending Jan. 30 — down from 6.96% last week. A year ago, mortgage rates averaged 6.63%.
Rates on 30-year refinance loans dropped another 2 basis points Thursday. That's now a four-day decline of 12 basis points, which has reduced the average to 7.01%—the cheapest level for 30-year refi ...