The interest rate on the most common type of U.S. home loan fell for a ninth straight week this week to close out the year at their lowest level since May, according to data released Thursday by Freddie Mac.
The interest rate on a 30-year fixed-rate mortgage averaged 6.61 percent as of Dec. 28, down from 6.67 percent a week earlier. The rate has declined each week since hitting the highest level in 22 years in late October, tumbling 1.18 percentage points in that span.
