![30-Year Mortgage Rate Dips to 4.50 Percent](http://townsquare.media/site/125/files/2013/09/74177495-630x431.jpg?w=980&q=75)
30-Year Mortgage Rate Dips to 4.50 Percent
Average U.S. rates on fixed mortgages declined this week amid signs the economic recovery is slowing.
Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan fell to 4.50 percent from 4.57 percent last week.
The average on the 15-year fixed mortgage dipped to 3.54 percent from 3.59 percent last week.
Long-term mortgage rates have risen more than a full percentage point since May, when Fed Chairman Ben Bernanke first signaled that the central bank could begin reducing its bond purchases this year.
The purchases have been intended to keep long-term loan rates extremely low.
The Fed voted Wednesday to continue the bond-buying program and cut its economic growth forecasts for this year and 2014.
More From Newstalk KGVO 1290 AM & 98.3 FM
![UPDATE: Miller Peak Fire Near Missoula Grows to 1,700 Acres](http://townsquare.media/site/119/files/2024/07/attachment-MillerPeakFire-714-EDIT.jpg?w=980&q=75)
![Court Victory for Montana Students With Special Needs](http://townsquare.media/site/119/files/2024/07/attachment-RS47253_GettyImages-494312894-scr-2.jpg?w=980&q=75)
![Stay Cool Missoula: Tips From Disaster Services Director](http://townsquare.media/site/119/files/2024/07/attachment-RS27921_GettyImages-1011404062-scr.jpg?w=980&q=75)
![Knife-Wielding Woman Arrested in Missoula After Altercation](http://townsquare.media/site/119/files/2024/07/attachment-featured-image-2024-07-15T122519.061.jpg?w=980&q=75)
![Montana Gas Prices Continue to Rise, More Increases Are Expected](http://townsquare.media/site/119/files/2024/04/attachment-RS48332_GettyImages-178371765-scr.jpg?w=980&q=75)
![Saving Money on Energy Bills During Missoula’s Summer Heatwave](http://townsquare.media/site/119/files/2024/07/attachment-RS20739_GettyImages-488874060-scr.jpg?w=980&q=75)
![Missoula Asks for Help to Save Drought Stressed Boulevard Trees](http://townsquare.media/site/119/files/2024/07/attachment-Drought-Stredded-Trees-3.jpg?w=980&q=75)
![Missoula Crime Report: Record Number of Weekly Felony Cases for 2024](http://townsquare.media/site/119/files/2024/07/attachment-RS24566_GettyImages-506978155-scr.jpg?w=980&q=75)
![High-Speed Chase in Missoula Tops 105 MPH, Driver Flees on Foot](http://townsquare.media/site/119/files/2024/07/attachment-featured-image-25.jpg?w=980&q=75)