Mortgage Rates Fall to Lowest Level of The Year

National average for a 30-year fixed loan is slips slightly to 4.84 percent

Source: Associated Press

Mortgage rates fell to the lowest level of the year this week, as rates fell on U.S. government securities. Fixed mortgage rates tend to be influenced by movements in the yield of 10-year Treasury notes.

The average rate on a 30-year fixed rate mortgage dipped to 4.84 percent this week from 4.93 percent a week earlier, Freddie Mac said Thursday. It was the lowest level since mid-December, when rates averaged 4.81 percent.

For the Full Article Click on this Link.....
http://www.msnbc.msn.com/id/7148582/ns/business-real_estate/