Zillow detects a small drop in 30-year fixed mortgage interest rates

Published: Jun 30, 2014
Photo credit: StockMonkeys.com / Foter / Creative Commons Attribution 2.0 Generic (CC BY 2.0)

Zillow detects a minor interest rate drop in the fixed 30-year mortgages. The figures show that mortgage payers had to pay an interest rate of 4.03% this week, rather than the 4.06% from last week.
The study is based solely on Zillow’s clients and not on the entire market. Freddie Mac., however, is! Their study also indicated an interest rate drop from 4. 17% to 4.14% this week. It also shows a further decrease, compared to last year’s interest rate on 30-year fixed mortgages. A year ago clients had to pay an interest rate of 4.46%.
Read the rest of the article at housingwire.com.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.