Fixed-rate mortgages moved lower this week, reaching new lows for the year, Freddie Mac reports in its weekly mortgage market survey. It is the fourth consecutive week that mortgage rates have dropped. According to Freddie Mac, mortgage rates reached the following national average for the week ending May 22:
30-year fixed-rate mortgages: averaged 4.14 percent, with an average 0.6 point, dropping from last week’s 4.20 percent. Last year at this time, 30-year rates averaged 3.59 percent.
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Resource: realtormag.realtor.com - Daily Real Estate News | Friday, May 23, 2014
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