(KERO) — Mortgage rates keep falling but remain much higher than a year ago.
Freddie Mac says the average rate for a 30-year fixed mortgage is 6.33 percent. That's down from nearly 6.5 percent from last week and down around three-quarters of a percent from four weeks ago. The decline in rates over the last month has been the largest drop since 2008.
A spokesperson for Freddie Mac says lower rates have created no positive reaction among potential homebuyers. Mortgage rates a year ago stood at 3.1 percent.
