Average 30-year mortgage rate falls to 4.14%

Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year loan eased to 4.14 percent from 4.17 percent last week. The average for the 15-year mortgage fell to 3.22 percent from 3.30 percent.

According to the Associated Press, the average U.S. rate were near historial lows.

Mortgage rates are about a quarter of a percentage point higher than they were at the same time last year

Read more from the Associated Press.