BC-US--Mortgage Rates 1s, 0362
Contributed by NAMPA / Associated Press.
US average mortgage rates fall; 30-year loan at 4.75%<
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Eds: Adds details, updates Dow Jones loss. With AP Photos.<
WASHINGTON (AP) - U.S. long-term mortgage rates fell this week amid a steep decline in stock prices.
Continued slides in the stock market and tumbling oil prices have been pushing mortgage rates lower, although home borrowing rates remain much higher than a year ago. Mortgage giant Freddie Mac said Thursday the average rate on the benchmark 3 ...