Mortgage finance giant Freddie Mac reported Wednesday that the average rate on the 30-year fixed-rate home loan was unchanged this week from a record low 2.72%. A year ago, the benchmark rate was 3.68%.
The rate on 15-year fixed-rate loans stayed at 2.28%. It was 3.15% a year ago.
Interest rates have fallen this year as the virus batters the economy and the Federal Reserve pours money into the financial system to support a recovery.
Low rates have encouraged Americans to buy homes or refinance existing mortgages.