Gary Pierpont Blog

Mortgage Rates Fall For Fifth Consecutive Week

May 29, 2014 by garypierpontblog

Fixed rate mortgages have fallen once again, making this the fourth consecutive week rates have dropped. According to Freddie Mac, the average national 30-year fixed-rate mortgage fell from 4.14% last week to 4.12% this week, while the average national 15-year fixed-rate mortgage decreased from 3.25% last week to 3.21% this week. Additionally, the number of Americans signing contracts to buy new homes has increased. More here

Filed Under: Housing Market Tagged With: First Home Mortgage, Gary Pierpont, Greenbelt, MD

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