Good news if you are buying a home: mortgage rates remain low

Fixed mortgage rates were stable this week and remained near the lows for the year, according to the latest data from Freddie Mac. The 30-year, fixed rate averaged 4.13 percent and the 15-year, fixed averaged 3.26 percent this week. Read more from Freddie Mac.

“Mortgage rates were little changed for the week with the 30-year fixed-rate mortgage remaining unchanged. Meanwhile, we received some good news on housing with existing home sales climbing 2.6 percent to a seasonally adjusted annual rate of 5.04 million in June, the highest pace since October 2013,” said Frank Nothaft, vice president and chief economist for Freddie Mac, in a release.

In other headlines:

Haisler: McHenry County real estate market improving – Northwest Herald

3 Challenges Still Facing the Housing Market – Daily Real Estate News

Chicago Housing Market’s Road to Recovery – Chicago Tonight

Majority of Buyers Unaware of True Costs of Home Ownership – Daily Real Estate News

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