The average rate on a 30-year, fixed rate mortgage was 4.14 percent this week, compared with 4.17 percent last week and 4.46 percent in the same week a year ago, according to
Last year at this time, remarks by the Federal Reserve led to concerns that it would begin its tapering of bond purchases and that caused a jump in rates.
The average rate on a 15-year, fixed-rate mortgage this week was 3.22 percent, down from 3.30 percent last week. A year ago at this time, the rate on that mortgage product was 3.50 percent.
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