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Freddie Mac: Mortgage rates decline again as 30-year averages 4.14%
Freddie Mac: Mortgage rates decline again as 30-year averages 4.14%

Mortgage rates fell for the fourth week in a row, with Freddie Mac pegging the average for a 30-year fixed home loan at 4.14%, down from 4.2% last week. Not since the end of October have rates been so low, according to the survey -- an enticement for  borrowers to enter the sputtering housing market or in some cases refinance their homes.  The average offering rate for 15-year fixed mortgages dropped from 3.29% to 3.25%, Freddie Mac said Thursday -- also the lowest point since Halloween decorations were up. The average start rate for a loan that becomes variable after five years fixed was 2.96%, down from 3.01% and the lowest since December.  The decline comes amid...

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