By The Associated Press
RATES STAY LOW: The average U.S. rate on a 30-year fixed mortgage stayed this week at the lowest level on record.
THE NUMBERS: The rate on the 30-year loan was unchanged at 3.66 percent. The average rate on the 15-year mortgage slipped to 2.94 percent, matching the record low reached three weeks ago.
OUTLOOK: The average rate on the 30-year loan has been below 4 percent since December. Cheap mortgages have given a lift to the long-suffering housing market and could give the broader economy a jolt at a time when the job market is weak.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.