Good news for home buyers: Mortgage rates are down

Friday, August 17, 2018

Mortgage rates are on the decline, which is good news for those searching to buy a new home.

For the second straight week, mortgage buyer Freddie Mac said the average rate for a 30-year loan is down.

Stay on top of breaking news stories with the ABC11 News App

Currently, rates sit a just over 4.5 percent.

However, the mortgage rate not at it's lowest.

Current rates are well over half-point higher than a year ago.