Freddie Mac Mortgage Rates Fall Two Weeks Straight

Dated: April 17 2014

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Mortgage rates fell for the second week straight, hitting a six week low and assisting in homebuyer affordability during the spring home buying season.

According to the latest Freddie Mac Primary Mortgage Market Survey, the average 30-year, fixed-rate mortgage averaged 4.27% for the week ending April 17, down from 4.34% a week ago, but up from 3.41% a year earlier.

Furthermore, the 15-year FRM decreased to 3.33%, a fall from last week’s 3.38%, but significantly up from 2.64% for the same period in 2013.
The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.03% this week, down from 3.09% a week ago, but up from 2.60% last year. Read More Here...
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Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 30 years in the industry, Mark has gained experience in ....

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