Mortgage rates hit a 2014 low

Posted by Bonnie Martin Designated Broker on Friday, May 9th, 2014 at 9:14am.

interest__max5128_450money.cnn.com - Mortgage interest rates hit their lowest levels for 2014 this week.

The average interest charged to borrowers for a 30-year, fixed rate loan fell to 4.21% from 4.29% last week, according to Freddie Mac's weekly mortgage rate report.

Rates have not been this low since the week of November 7, when they were at 4.16%.

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