Mortgage Rates Edge Back Down

Washington, DC, July 19, 2013 -- The average rate for the 30-year mortgage has fallen from its two-year high of 4.51% to 4.37% this week, Freddie Mac said.

The average on the 15-year mortgage fell to 3.41% from 3.53%.

Rates risen sharply in the last two months in response to the Fed's anticipated slowdown in bond purchases.

Earlier this year, 30-year rates fell to a record low of 3.31%.