“30-year fixed-rate mortgage (FRM) averaged 4.21 percent with an average 0.6 point for the week ending May 8, 2014, down from last week when it averaged 4.29 percent. A year ago at this time, the 30-year FRM averaged 3.42 percent.” That was a quote from today’s article about fixed mortgage rates being the lowest it has been since last November. The low mortgage rates may create an opportunity to buy, however, the lower rates are an indicator that the economic growth has been below expectations. To read more, CLICK HERE.
