The average rate on a 30-year, fixed-rate mortgage was 4.14 percent this week, compared with 4.20 percent last week and 3.59 percent in the same week a year ago, according to
It was the lowest rate recorded in the agency's weekly survey since
Meanwhile, a 15-year, fixed-rate mortgage carried an average rate of 3.25 percent this week. That compared with 3.29 percent last week and 2.77 percent a year ago.
A greater-than-expected slip in the nation's industrial productivity in April, following two months of gains helped drive down rates this week.
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