30-year Mortgage Rate Drops To 3.98%
July 30, 2015 at 10:00 AM EDT
The average rate for a 30-year fixed-rate mortgage dropped to 3.98% in the week that ended July 30, falling to the lowest level in almost two months, from the prior week's reading of 4.04%, according to a Thursday report from federally controlled mortgage buyer Freddie Mac.