Thirty-year, fixed interest rates fell to 5.78 percent this week, a fifth straight week of decline, mortgage giant Freddie Mac reported Thursday.
The national average was down from 5.93 percent last week. A year ago rates were 6.34 percent.
Freddie Mac said 30-year rates haven't been so low since the week of Feb. 14, when they averaged 5.72 percent.
Rates for 15-year, fixed-rate mortgages averaged 5.35 percent this week, down from 5.54 percent last week.
– Jim Wasserman
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