U.S. mortgage rates declined slightly this week, according to Freddie Mac.
The 30-year fixed mortgage averaged 4.62 percent for the week ending Dec. 20, down from 4.63 percent the previous week. A year ago, mortgage rates stood at 3.94 percent.
Low mortgage rates had been helping propel U.S. home sales and the refinance market.
Sam Khater, Freddie Mac’s chief economist, said the response to the recent decline in mortgage rates is being felt in the housing market.
