Business
Mortgage rates at another low
Average interest rates for 30-year fixed-rate mortgages dropped from 3.91 in April to 3.79 percent for the week ending May 17, according to Freddie Mac, the government sponsored loan buyer and consolidator. Last year at this time, the rate was 4.61 percent.
Rates for 15-year fix mortgages was even lower at 3.04 percent. A year ago at this time, the 15-year rate averaged 3.80 percent.
--Christopher Quinn
About the Author
Christopher Quinn is a writer and editor who has worked for The Atlanta Journal-Constitution since 1999. He writes stories on Veterans Affairs, business including high-tech growth in metro Atlanta, Georgia's $72 billion farm economy, and he oversees assigning and editing news obituaries.
