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WASHINGTON — Rates on 30-year mortgages tied a record low this week, spurring refinancing activity as the troubled housing market moves closer to possibly hitting bottom, Freddie Mac said Thursday. Average rates on 30-year fixed-rate mortgages, the most popular loan among homebuyers, slid to 4.78 percent from 4.8 percent last week, Freddie Mac said.
That is more than a point lower than a year ago. The all-time low of 4.78 percent was recorded the week of April 2. Freddie Mac’s annual survey dates back to 1971.
