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2014-09-02 18:21:41
30-Year Fixed Mortgage Rates Drop

30-Year Fixed Mortgage Rates Experience Biggest Weekly Drop Since January, Fall Bcack Below 4 Percent

The 30-year fixed mortgage rate on mortgages is currently 3.96 percent, down twelve basis points from this time last week. The 30-year fixed mortgage rate hovered around 4 percent for most of last week, peaking at 4.09 percent on Monday before easing back down to the current rate on Tuesday.

'Mortgage rates stayed below 4 percent for much of last week on news of a potential European Central Bank plan to implement a stimulus program similar to the Federal Reserve's that has kept rates low in the U.S. It is expected for rates to remain flat in this holiday-shortened week, as any bright spots in domestic economic data will likely be overshadowed by concerns about the European economy.

Provided by,

Doug Spiers / Principal Broker
Elite Choice Real Estate
1436 South Legend Hills Drive Suite 311
Clearfield, Utah 84015
Direct (801) 726-7173
Email: DougSpiers@aol.com

“The highest compliment I can receive is the referral of your friends, family and business associates. Thank you for your trust and confidence.”

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