It’s down from last week’s 2.87% as 30-year, fixed-rate loans hit a 10th all-time low this year. The average 15-year, fixed-rate mortgage dropped to 2.35% from 2.37%.

WASHINGTON (AP) – U.S. long-term mortgage rates fell this week as the key 30-year loan reached a new all-time low for the 10th 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.