Cheap mortgages continue to help boost prospects for home sales this year.
Mortgage buyer Freddie Mac says the average rate on the 30-year loan dropped to 3.67 per cent. That's down sharply from 3.75 per cent last week and the lowest since long-term mortgages began in the 1950s.
The 15-year mortgage, a popular refinancing option, declined to 2.94 per cent. That's down from 2.97 per cent last week.
Rates on the 30-year loan have been below 4 per cent since early December. The low rates are a key reason the housing industry is showing modest signs of a recovery this year.