KIRO Radio's Tom Kelly digs deep into the Puget Sound real estate market
Real Estate

Best rates of the year bolster home shoppers, refinancers

Home shoppers and refinancers will be pushed along by record low mortgage interest rates, a trend that has helped the housing market start to recover this year.

According to Freddie Mac, the 30-year, fixed-rate average dipped to 3.34 percent, down from 3.40 a week ago and lower than the previous year-low bottom of 3.36 percent six weeks ago.

The average on the 15-year mortgage slipped to 2.65 percent, down from 2.69 percent last week and a tick below the former bottom of 2.66 percent reached four weeks ago.

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