Long-term mortgage rates moved lower this week, with the average rate on a 30-year fixed-rate mortgage just above an all-time low, according to the Washington Business Journal.
Freddie Mac’s weekly rate report says a 30-year fix averaged 3.37 percent in the week ending Oct. 18, down from 3.39 percent last week. A 15-year fix averaged 2.66 percent this week, down from 2.70 percent.
A one-year adjustable-rate mortgage rose to 2.60 percent, from 2.59 percent.
Housing data continues to show a strengthening housing market.
This week, the National Association of Home Builders said builder confidence this month rose for the sixth consecutive month and is now at its highest level in more than six years.
In Dayton, the number of new home building permits is up 5 percent so far this year, according to the Home Builders Association of Dayton.
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