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Mortgage Rates Stabilize

Mortgage Rates Stabilize

| Aug 14, 2013 | Housing Market

U.S. Mortgage rates continue their slow increase helping the economy grow stronger. According to Freddie Mac, the average rate for 30-year fixed mortgages increased to 4.4% last week. Meanwhile, the average 15-year rate remained unchanged at 3.43%. Many experts say that mortgage rates have begun to stabilize and expect them to level out over the coming months. Additionally, Americans seem to have very optimistic opinions about the housing market with many saying they believe now is a great time to buy. More here

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