The average rate for a 30-year fixed mortgage was 5.08 percent, down from 5.14 percent a week earlier, remaining close to record lows mortgage company Freddie Mac said Thursday. Rates, while above the record low of 4.78 percent hit in the spring, are still at attractive levels for people looking to buy a home or refinance. “Low mortgage rates are helping to keep housing very affordable,” Frank Nothaft, Freddie Mac’s chief economist, said in a statement.
Interest rates remain near record lows.
