Mortgage Rates Hit One-Month Low

Posted by Bonnie Martin Designated Broker on Monday, January 20th, 2014 at 10:51am.

interest__max5128_450realtor.com - After seeing steady gains toward the end of 2013, key mortgage rates fell to one-month lows this week following reports of a weakening economic recovery.

The average interest rate for 30-year fixed mortgages, which surpassed the 4.51 percent threshold in the first week of January, dropped for the second consecutive week to 4.41 percent, according to the latest survey from mortgage buyer Freddie Mac.

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