Mortgage buyer Freddie Mac said Thursday the average 30-year fixed-rate mortgage dipped to 3.54 percent from 3.60 percent last week. To calculate average mortgage rates, Freddie Mac surveys lenders across the country at the beginning of each week. The average fee for a 30-year mortgage was unchanged from last week at 0.5 point. WASHINGTON (AP) " Long-term U.S. mortgage rates fell this week for a second straight week amid continued global economic concerns. The average doesn't include extra fees, known as points, which most borrowers must pay to get the lowest rates.

Source: New Zealand Herald June 16, 2016 14:38 UTC