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Economic Report: Mortgage rates hold steady at long-time lows, good news for borrowers

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Rates for home loans were little-changed during a choppy week for financial markets, but hovered near their lowest in about two years, giving a boost to home shoppers.

The 30-year fixed-rate mortgage averaged 3.75% in the July 11 week, unchanged compared to a week ago, Freddie Mac said Thursday. More than halfway through the year, the popular product has managed only eight weekly increases.

The 15-year fixed-rate mortgage averaged 3.22%, up four basis points. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.46%, up from 3.45%.

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