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Average US mortgage rates dip slightly

July 17, 2014

MARTIN CRUTSINGER, AP Economics Writer



WASHINGTON (AP) Average U.S. mortgage rates declined slightly this week with rates remaining near historic lows.

Mortgage company Freddie Mac says that the nationwide average for a 30-year loan dipped to 4.13 percent, down from 4.15 percent last week. The average for the 15-year mortgage, a popular choice for people who are refinancing, edged down to 3.23 percent, compared with 3.24 percent last week.

Mortgage rates are below the levels of a year ago, having fallen in recent weeks after climbing last summer when the Federal Reserve began talking about reducing the monthly bond purchases it was making to keep long-term rates low.


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Source: Associated Press


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