Morning Minute: Mortgage rates fall below 4 percent, hit yearly low

Source: Freddie Mac

For the first time this year, 30-year fixed mortgage rates fell below 4 percent and hit a new low for 2014, Freddie Mac reports today.

The 30-year rate averaged 3.97 percent while the 15-year, fixed rate averaged 3.18 percent. Read more from Freddie Mac.

 

In other headlines:

Lower Rates Revive Refinancing Boom – Daily Real Estate News

Congress must extend housing short sale tax relief – HousingWire

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