Mortgage interest rates declined for the fourth straight week, with the 30-year, fixed-rate falling to an average of 4.32 percent for the week of Jan. 30, Freddie Mac reported this morning. The 15-year, fixed rate dropped to 3.40 percent.
Freddie Mac attributes some of the easing of mortgage rates to lower new home sales in December and a slight drop in the S&P/Case Shiller price index in November, but the lower rates are a boon for prospective home buyers looking to lock in lower rates.
In other headlines:
Obama Calls for Action on Mortgage Finance Reform – REALTOR® Magazine
Fixed-rate mortgages tumble in popularity – HousingWire