News Column

BRIEF: Mortgage rates tick downward

August 14, 2014

By Mary Ellen Podmolik, Chicago Tribune

Aug. 14--A week of few economic reports helped nudge down mortgage interest rates this week.

The average rate on a 30-year, fixed-rate mortgage this week was back at its 2014 low of 4.12 percent, down from 4.14 percent last week and 4.40 percent in the se week a year ago, according to Freddie Mac's weekly survey.

On a 15-year, fixed-rate mortgage, the average rate this week of 3.24 percent compared with 3.27 percent last week and 3.44 percent a year ago.

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Source: Chicago Tribune (IL)

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