Average US rate on 30-year mortgage falls to 3.59 pct.
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week, resuming their downward trend of this year after rising slightly last week. Rates are near historically low levels.
Mortgage rates slump on weaker than expected economic reports
The 30-year fixed-rate average hits a 20-month low, falling to 3.59 percent. Since December, the 30-year fixed rate has fallen 28 basis points to start the new year.