Source:The Washington Post —
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 2.96 percent with an average 0.6 point. (Points are fees paid to a lender equal to 1 percent of the loan amount. They are in addition to the interest rate.) It was 2.98 percent a week ago and 3.26 percent a year ago. The 30-year fixed average has dropped in four of the past five weeks.