US long-term mortgage rates fall to low; 30-year at 2.81%

U.S. long-term mortgage rates fell this week as the key 30-year loan reached a new all-time low for the tenth time this year.
Home loan rates have marked a year-long decline amid economic anxiety in the recession set off by the coronavirus pandemic. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year mortgage fell to 2.81% from 2.87% last week. By contrast, the rate averaged 3.69% a year ago.
The average rate on the 15-year fixed-rate mortgage declined to 2.35% from