30 Year Mortgage Hits Low

30 Year Mortgage Hits Low

  30-Year Mortgage Hits Low for the YearFreddie Mac released the results of its Primary Mortgage Market Survey showing average fixed mortgage rates moving down further and following the decline in Treasury yields as the economic growth for the first quarter came in well below market expectations. At 4.21 percent, the 30-year fixed-rate mortgage is at its lowest since the week of November 7, 2013. 

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Freddie Mac’s Primary Mortgage Market Survey

 8-MayFees/Pts1-MayFees/Pts30-Yr Fixed4.21%0.64.29%0.715-Yr Fixed3.32%0.63.38%0.65-Yr ARM3.05%0.53.05%0.41-Yr ARM2.43%0.42.45%0.5 

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Dated: May 15th 2014
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