Mortgage Rates Sink to New Low for 2014

Despite predictions that mortgage rates were to inch up in the second half of this year, fixed-rate mortgages continue to tumble.

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Borrowing costs moved lower this week, as the 30-year fixed-rate mortgage dipped to a 4.10 percent average, Freddie Mac reports in its weekly mortgage market survey. The 30-year fixed-rate mortgages previous low average for the year was 4.12 percent.

Read more at REALTOR® Magazine’s August 22, 2014 article here.

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About Susy Hurlbert

Eastern Connecticut Association of REALTORS Chief Executive Officer
This entry was posted in Home Buying Process and tagged . Bookmark the permalink.

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