Friday, March 7, 2014
Stat of the Week: Mortgage Rates Reverse Course This Week
Yay, mortgage interest rates dropped a bit this week after a four week climb, according to Freddie Mac. 30-year fixed rates averaged 4.28% and 15-year fixed rates averaged 3.32%. Last year those average rates were 3.52% and 2.76% So yes, rates are up a bit from their historic lows of the last few years but still are very very good.