Mortgage Rate Lower in May 2014

MortgagesAccording to the CNN Money blog, the average  interest charged to borrowers for a 30-year, fixed rate loan fell to 4.21% from 4.29%, citing the Freddie Mac’s weekly mortgage rate report; while the 15 year, fixed rate mortgage for homeowners who are refinancing existing mortgages hit a new low of 3.32%, down from 3.38%.

Take advantage of these new low rates as we all know they always fluctuate.