Mortgage rates fall - lowest since October

Posted by Bonnie Martin Designated Broker on Friday, May 23rd, 2014 at 8:27am.

interest_alexandrgordeev_450money.cnn.com - Mortgage rates are at their lowest level since October.

The average rate for a 30-year, fixed-rate loan fell to 4.14% from 4.2% last week, Freddie Mac said Thursday.

Interest rates have been pushed down as investors, skittish about the economy, have abandoned stocks for U.S. Treasuries, according to Mike Fratantoni, chief economist for the Mortgage Bankers Association.

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