Home Mortgage Rates Hit New Lows for 2014

Freddie Mac reported today that fixed mortgage rates have fallen to new lows for this year as 10-year Treasury yields closed at their lowest level since May 2013.

• 30-year fixed-rate mortgages averaged 3.80 percent with an average 0.6 point for the week ending December 18, 2014, down from last week when it averaged 3.93 percent. A year ago at this time, the 30-year FRM averaged 4.47 percent. 
• 15-year mortgages this week averaged 3.09 percent with an average 0.6 point, down from last week when it averaged 3.20 percent. A year ago at this time, the 15-year FRM averaged 3.52 percent. 

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