U.S. mortgage rates are continuing to decline and remain at levels not seen since November 2016, according to Freddie Mac.
The 30-year fixed mortgage averaged 3.55 percent for the week ending Aug. 22, the same as last week. A year ago, mortgage rates stood at 4.51 percent.
Low mortgage rates help propel U.S. home sales and the refinance market.
“The drop in mortgage rates continues to stimulate the real estate market and the economy," said Sam Khater, Freddie Mac’s chief economist. “Home…
