Mortgage rates hit 10-month low

In Houston, the median home price is about $295,000, according to Zillow. Here are several homes at that price. 2706 Barbee St. Houston $295,000 In Houston, the median home price is about $295,000, according to Zillow. Here are several homes at that price. 2706 Barbee St. Houston $295,000 Photo: Houston Association Of Realtors Photo: Houston Association Of Realtors Image 1 of / 59 Caption Close Mortgage rates hit 10-month low 1 / 59 Back to Gallery

Mortgages rates slid to a 10-month low, according to Freddie Mac. The average rate for a 30-year fixed-rate mortgage fell to 4.41 percent as of Thursday.

"The U.S. economy remains on solid ground, inflation is contained and the threat of higher short-term rates is fading from view, which has allowed mortgage rates to drift down to their lowest level in 10 months," the mortgage-finance company wrote in its latest mortgage market survey.

DECLINING RATES: Mortgage rates fall, potentially helping home sales

"Mortgage rates are essentially similar to a year ago, but today's buyers have a larger selection of homes and more consumer bargaining power than they did the last few years," Freddie Mac said.