Quantcast
Home » News
Home » News

Average U.S. 30-year mortgage rate at 4.14 percent

Published August 7, 2014 10:04 am
This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Washington • Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year.

Mortgage company Freddie Mac says the nationwide average for a 30-year loan increased to 4.14 percent from 4.12 percent last week. The average for the 15-year mortgage, a popular choice for people who are refinancing, rose to 3.27 percent from 3.23 percent last week.

Mortgage rates are below the levels of a year ago. They have fallen in recent weeks after climbing last summer when the Federal Reserve began talking about reducing the monthly bond purchases it was making to keep long-term borrowing rates low.



The Fed issued a statement last week suggesting that it wants to see further improvement in the economy before it starts raising its key short-term interest rate.

 

 

 

 

 

USER COMMENTS
Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
comments powered by Disqus