Real estate: Mortgage rates just hit a new low for 2017 — but they're still higher than last year – The Mercury News

Mortgage rates have fallen to their lowest point of 2017, but they remain up from a year ago.

Freddie Mac reported Thursday that the 30-year fixed mortgage rate dropped to a year-to-date low for the third consecutive week. The average 30-year rate for a home loan now stands at 3.78 percent, down from 3.82 percent the week before — but up from 3.44 percent at this time last year.

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