Morning Minute: Mortgage interest rates fall again, now at low for the year

Spring home buyers could get an even better deal on mortgage financing as interest rates continue to their recent decline. Freddie Mac reports that 30-year, fixed mortgage rates averaged 4.21 percent this week, the lowest rates have been this year. Rates for 15-year, fixed also fell to 3.32 percent. Read more from Freddie Mac.

In other headlines:

Mortgage Delinquencies Drop by Double Digits - Daily Real Estate News

Investors slow Chicago-area home purchases – Chicago Tribune

All-Cash Sales Up While Distressed Sales and Investors Decline – NAR

 

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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