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Mortgage Interest Rates Hardly Moved This Week
Today, 4/3/2014,  Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.41 up from 4.40% last week. The average interest rate for 15 year fixed-rate mortgages was 3.47%, up from 3.42% last week. A year ago the 30 year rate was 3.54%.
Freddie Mac's spokesperson said, "Mortgage rates were little changed amid a week of light economic reports. Of the few releases, real GDP was revised up slightly to 2.6 percent growth in the fourth quarter of 2013. The private sector added an estimated 191,000 jobs in March, which followed an upward revision of 39,000 jobs in February according to the ADP Research Institute. Also, the Institute for Supply Management reported the manufacturing industry rebounded from a soft February but was still below market consensus."
Do keep in mind that we are a very large country, So figures that come out for the entire nation, may have little or no relevance for your particular area. In the end, it is best if you speak with a local REALTOR or financing expert to see what the situation is for your part of the United States. Florida is not Michigan, nor is Maine the same as California. Market ... more

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