RATES FALL AGAIN: Freddie Mac said fixed mortgage rates fell for the fifth straight week this week and hit their lowest levels of the year.
NEW YEARLY LOWS: The average rate on the 30-year loan fell to 4.61 percent from 4.63. That's the lowest level since mid-December. The rate on the 15-year fixed mortgage dipped to 3.80 percent from 3.82 percent, the lowest point since late November.
REFINANCINGS GET BOOST: Low rates spurred more borrowers to apply for a refinance, and that activity is at the highest level since the second week of December.