Real Estate Roundup: Mortgage Rates Near 2014 Low as Year Ends

January 2, 2015

New Year's Resolution to Get in the Game

Mortgage rates remain close to their yearly lows as 2014 ends, news that could help spur some hesitant homebuyers to make a New Year’s resolution to get in the game – especially with increases expected in 2015.

A Freddie Mac news release says that 30-year, fixed-rate mortgages averaged 3.83 percent for the week ending Dec. 24, up slightly from the previous week, when they sank to a yearly low of 3.80 percent. One year ago, mortgage rates averaged 4.48 percent, the company says.

Lowest Rates of Distressed Sales

Recent news of interest to homebuyers, home sellers, and the home-curious includes word that mortgage rates are near their annual lows as the year winds down. And here in the Bay Area, our local counties continue to enjoy the lowest rates of distressed sales in California. Get the latest real estate news at https://compasscaliforniablog.com/real-estate-roundup-mortgage-rates-near-2014-low