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Home / Blog / Headlines & News / Mortgage Rates Are Down, And May Push The Housing Market Up

Mortgage Rates Are Down, And May Push The Housing Market Up

May 27, 2014 By Mary Catchur

Mortgage Rates
Photo Credit: (c) Depositphotos.com / lightsource.

Today, MarketWatch reports, “Mortgage rates have dropped so much this year – falling about one-third of a percentage point — that the low levels could ‘stimulate’ the housing market, Nobel Prize-winning economist and home-price expert Robert Shiller said Tuesday.”

Read the MarketWatch article: Robert Shiller: Falling mortgage rates may ‘stimulate’ home sales.

The average rate for a 30-year fixed rate mortgage hit 4.14% for the week that ended May 22, the lowest rate since October and down from 4.53% at start of 2014, according to federally controlled mortgage-finance giant Freddie Mac FMCC .

“That’s getting back down there and that might stimulate the market,” Shiller said.

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Filed Under: Headlines & News Tagged With: Housing Market, MarketWatch, mortgage rates

Opinions, estimates, forecasts and other views contained in this page do not necessarily represent the views of Marimark Mortgage or its management and should not be construed as an offer to provide financing at the rates or terms mentioned. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval. Although Marimark Mortgage attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. Information from this page may be used with proper attribution.

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