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Mortgage Interest Rates Start 2015 at New Lows

Posted by Bonnie Martin Designated Broker on Thursday, January 8th, 2015 at 4:36pm. - The new year is starting with a gift to home buyers: lower-than-expected interest rates.

The 30-year fixed-rate mortgage averaged 3.73%, the lowest it’s been since May 2013, according to the Freddie Mac Primary Mortgage Market Survey. During the last week of 2014, the rate averaged 3.87%. It was as high as 4.51% a year ago at this time.

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Photo:  ©[Alexandr Gordeev]/123RF.COM

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