The average rate on a 30-year loan was 4.15 percent, compared with 4.12 percent last week and 4.51 percent in the same week a year ago.
On a 15-year mortgage, this week's average rate of 3.24 percent was slightly higher than last week's 3.22 percent. A year ago, the average interest rate was 3.53 percent.
Follow @mepodmolik Follow @chibreakingbiz
(c)2014 the Chicago Tribune
Visit the Chicago Tribune at www.chicagotribune.com
Distributed by MCT Information Services