Markets & Economy

Mortgage rates fall again after weak jobs report

Freddie Mac survey shows rates back near record lows

Mortgage rates dipped for the second consecutive week following a disappointing jobs report. Rates on 30-year fixed-rate mortgages averaged 3.43 percent with an average 0.8 point for the week ending April 11, down from 3.54 percent last week and 3.88 percent a year ago, Freddie Mac said in releasing the results of its latest Primary Mortgage Market Survey. Rates on 30-year fixed-rate loans hit a low in Freddie Mac records dating to 1971 of 3.31 percent during the week ending Nov. 21, 2012. For 15-year fixed-rate mortgages, rates averaged 2.65 percent with an average 0.7 point, down from 2.74 percent last week and 3.11 percent a year ago. Rates on 15-year fixed-rate loans hit a low in Freddie Mac records dating to 1991 of 2.63 percent during the week ending Nov. 21, 2012. For five-year Treasury-indexed hybrid-rate mortgage (ARM) loans, rates averaged 2.62 percent with an average 0.5 point, down from 2.65 percent last week and 2.85 percent a year earlier. Rates on five-year Trea...