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Friday, July 4, 2014

Interest Rates Hold Steady This Week

Freddie Mac's weekly survey of mortgage interest rates show that both 30 and 15 year rates were essentially unchanged this week.  30-year fixed rate loans edged down slightly to 4.12% and 15-year fixed rate loans were unchanged at 3.22%. 
That leaves rates about 1/8th of a percentage point lower than a year ago — a surprise to many economists, who had expected they would increase as the economy strengthened, and welcome news for borrowers encountering slightly higher Tucson home prices.

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