Though average mortgage interest rates fell ever so slightly last week, according to the Primary Mortgage Market Survey from Freddie Mac, many real estate experts see this as more of a stabilization after a sudden spike, than an indicator of future trends. Last week’s rates for a 30-year fixed rate mortgage averaged at around 4.37 percent, over half a point higher than their lowest this year, 3.35 percent in early May.
For full article see: http://realestate.aol.com/blog/2013/07/24/mortgage-rate-rise-affects-homebuyers/
