Freddie Mac: Mortgage rates hit another 3-year low

This week, the average U.S. rate for a 30-year fixed mortgage fell to another three-year low, averaging 3.55%, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the drop continues to stimulate the real estate market and the economy as lower mortgage rates shore up home sales and provide support to homeowners’ balance sheets.