Mortgage finance giant Freddie Mac said Thursday that the average rate on the 30-year fixed-rate home loan remained at 2.71% from last week. By contrast, the benchmark rate stood at 3.73% a year ago.
The average rate on 15-year fixed-rate loans stayed at 2.26%.
Home loan rates have trended downward through most of this year, bolstering demand from would-be homebuyers or people looking to refinance existing mortgages. But home sales have stalled as the lack of available homes for purchase continues to stifle house hunters.