Fixed Mortgage Rates Fall to Lowest Level Since February

Fixed-rate mortgages dropped to the lowest levels since February. The moderate market movement grew increasingly positive at the onset of the spring home-buying season. However, rates have eased about a quarter of a percentage point over concerns that the market is too weak to support a dramatic upward shift in home prices. The 30-year fixed-rate average was around 4.5% in the first weeks of this year before falling to 4.28% in February. We continue to enjoy a stable, low-interest-rate environment, with interest rates declining slightly over the last week.  Does all this means mortgage rates fall back to best levels of 2014?

Read the entire article here:

http://www.realtor.com/news/mortgage-rates-fall-lowest-level-since-february/