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Fixed Mortgage Rates Continue Falling

May 27th, 2014 Written By Carol Pawley

mortgage low rates

Key fixed-rate loans are now trending at 4.14%––the lowest level in seven months, according to the latest survey by mortgage buyer Freddie Mac. That average rate is down from last week’s 4.20%. 

In the short term, experts predict these lower rates will hold steady. In the latest Mortgage Rate Trend Index poll, 89% of the analysts and loan experts said they expect mortgage rates will remain unchanged over the next week.  Bottom line, if you are shopping for a mortgage, you have timed it right and there is no better time to lock than the present.

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