Average 30-year fixed mortgage rate drops slightly; 15-year rates unchanged

A key long-term U.S. mortgage rate dipped this week, the second drop after a large increase two weeks ago. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year loan slipped to 4.19 percent from 4.20 percent last week. The average for a 15-year mortgage, a popular choice for people who are refinancing, was unchanged at 3.36 percent.

from The CalNev Team - North Lake Tahoe 1 Million Plus Homes http://www.oregonlive.com/front-porch/index.ssf/2014/10/average_30-year_mortgage_rate_5.html