Skip to main content
  1. News
  2. Business & Finance
  3. Personal Finance

Mortgage Rates head south and dip a little lower

See also

For the fourth reporting week of 2014, Fixed Rate mortgages continue to head south and the average is 4.390%. The dip is really not that significant as it is only 2 basis points down from the previous week. The important note is the trend-line bodes well for those in a position to obtain a new purchase or refinance their existing mortgage.

Loan applications are down

Another key point in this week’s number is lenders are retooling from end of the year activity. Mortgage applications have been flat which results in fewer consumers opting for mortgage money. In the weeks ahead that number is forecast to improve, especially as the purchase market picks up. The end result or bigger question is how long rates in the mid-four range will.

Demand is key metric

Mortgage rates are cyclical and based on demand, so as volume is down rates will move down. On the other hand as demands picks up, they too move.

Here is a quick snapshot of this week’s survey

  • Fixed Rate 30 Year - 4.39 %
  • Fixed Rate 15 Year 3.44 %
  • 5/1 ARM - 3.15 %
  • 1 Yr, ARM - 2.54 %

The weekly rate survey is an industry standard that Freddie Mac publishes. The data is an average of what lenders are offering consumers on a week by week basis.



  • Pro-Russians killed
    Putin issues a warning after 3 armed protestors were shot dead in Ukraine
    Watch Video
  • Korean ferry capsizes
    Only one of 46 life boats were used in the South Korean ferry sinking
    World News
  • Oscar Pistorius trial
    Oscar Pistorius reads a Valentines Day card from his deceased girlfriend without tears
    Crime News
  • Google patent
    Google applies for patent for what could be the successor to Google Glass
    Tech News
  • 420 in Colorado
    Colorado will celebrate 420 for the first time since marijuana became legal
  • Racist Kansas murderer
    Why isn't the Jewish Community Center shooter being labeled as a terrorist?
    Watch Video

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about and apply today!