FREDDIE MAC: RATES DOWN A BIT LAST WEEK

This is a new low for the year!  The 30-year, fixed-rate mortgage averaged 3.58% with an average 0.5 point for the week ending April 14, down from last week’s 3.59%.  A year ago it averaged 3.67%  The 15 year averaged 2.86% with an average 0.5 point, down from 2.88% last week and 2.94% a year ago.  Five year adjustable rates can be even lower.  STILL A GREAT TIME TO BUY, BUT CONTACT YOUR REALTOR TO FIND A HOME.