Mortgage Rates Decrease

Freddie Mac’s Primary Mortgage Market Survey states that mortgage rates fell this week after 2 weeks of sustained rates. According to the report, the average 30-year fixed-rate mortgage fell to 4.22%, down from last week’s average of 4.35%. The Vice President of Freddie Mac, Frank Nothaft said, “fixed mortgage rates fell this week on reports of weaker manufacturing growth and declines in overall inflation rates.” Nothaft also stated that industrial production also decreased more than experts forecasted. More here