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Mortgage Rates Fall Lower Than Last Year

Mortgage Rates Fall Lower Than Last Year

| Jun 30, 2014 | Housing Market

According to the most recent Freddie Mac Primary Mortgage Market Survey, U.S. Mortgage rates have decreased lower than rates in 2013. The 30-year Fixed-rate Mortgage averaged approximately 4.14% last week, down .03% from the previous week and .32% from last year. The 15-year Fixed-rate Mortgage averaged 3.22%, down .28% from last year. Additionally the 5-year treasury-indexed hybrid adjustable-rate Mortgage fell from 3.08% last year to 2.98% and the 1-year Treasury-indexed ARM decreased from 2.66% last year to 2.40%. More here

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