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    Economic Update – Week Ending August 16, 2014

    30-YEAR MORTGAGE RATES AT A 14-MONTH LOW. At 4.12%, Friday’s 30-year fixed rate mortgage is cheap. It’s less than half of the 30-year loan’s historical average, and the number of discount points required to get a 30-year loan are few fewer than it was even last decade. For the sixth time in 9 weeks, and the twentieth time this year, 30-year mortgage […]

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    Economic Update – Week Ending August 9, 2014

    Mortgage rates continue to hover near yearly lows. Mortgage rates showed little movement once again this week, continuing to hover near yearly lows, according to the latest data released Thursday by Freddie Mac. The 30-year fixed-rate average bumped up to 4.14 percent with an average 0.7 point. It hit its yearly low of 4.12 percent a week ago and was 4.4 […]

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    Economic Update – Week Ending July, 26, 2014

    Home mortgage interest rates were unchanged this week at the lowest levels in over one year. Freddie Mac reported that the national average for a 30 year fixed rate was 4.13%, the same as last week. One year ago the rate was 3.31% and on January 1, 2014 it was 4.52%.   The 15 year rate was 3.26%, about the same […]

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