Fixed Mortgage Rates Hit Lowest Level Since June 2013

Posted by Bonnie Martin Designated Broker on Tuesday, October 28th, 2014 at 2:28pm.

interest_alexandrgordeev_450realtor.com - After dipping below 4% last week, fixed mortgage rates hit fresh lows for the year—and analysts predict more of the same in the near future.

At 3.92%, the average 30-year fixed rate is at its lowest level since June 6, 2013. Last week, it averaged 3.97%, and a year ago at this time, it trended at 4.13%.

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Photo:  ©[Alexandr Gordeev]/123RF.COM

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