August 22nd, 2014 6:22 PM by Lori Speight
Despite predictions that mortgage rates were to inch up in the second half of this year, fixed-rate mortgages continue to tumble.
Borrowing costs moved lower this week, as the 30-year fixed-rate mortgage dipped to a 4.10 percent average, Freddie Mac reports in its weekly mortgage market survey. The 30-year fixed-rate mortgages previous low average for the year was 4.12 percent.
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Freddie Mac reports the following mortgage rate national averages for the week ending Aug. 21:
Source: Freddie Mac