Freddie Mac Mortgage Rates Fall Two Weeks Straight

Dated: 04/17/2014

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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 25+ years in the industry, Mark has gained experience in....

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