August 31, 2017 / 3:24 PM / a year ago

U.S. 30-year mortgage rates fall to lowest since early Nov - Freddie

NEW YORK, Aug 31 (Reuters) - Interest rates on U.S. 30-year mortgages declined for a fifth consecutive week to their lowest levels since early November as benchmark Treasury yields fell to nine-month lows earlier this week, Freddie Mac said on Thursday.

The borrowing cost on 30-year mortgages, the most widely held type of U.S. home loan, averaged 3.82 percent in the week ended Aug. 31, the lowest since the week of Nov. 10 when it was 3.57 percent. Last week, 30-year mortgage rates averaged 3.86 percent, the mortgage finance agency said. (Reporting by Richard Leong; Editing by Chizu Nomiyama)

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