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Mortgage Rates Fall For Third Straight Week

The government shutdown may be good for homebuyers, with mortgage rates falling this week amid the uncertainty.

Freddie Mac says a 30-year fixed-rate mortgage averaged 4.22 percent in the week ending Oct. 3, down from 4.32 percent last week. A 15-year fix fell to 3.29 percent, from 3.37 percent.

A one-year adjustable-rate mortgage averaged 2.63 percent this week, unchanged from last week.

Read more from Jeff Clabaugh at the Washington Business Journal here.