Northern Nevada Real Estate

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Mortgage Rates Sink to New Low for 2014

Daily Real Estate News | Friday, August 22, 2014

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

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.

Freddie Mac reports the following mortgage rate national averages for the week ending Aug. 21:

  • 30-year fixed-rate mortgages: averaged 4.10 percent, with an average 0.5 point, dropping from last week’s 4.12 percent. Last year at this time, 30-year rates averaged 4.58 percent.

For the rest of the article, click here……http://realtormag.realtor.org/daily-news/2014/08/22/mortgage-rates-sink-new-low-for-2014#.U_tXMkddZPc.email

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