Mortgage Rates at Lowest Level Since October

By Joe Gullo

Published 05/22 2014 05:18PM

Updated 05/22 2014 06:27PM

Now might be a good time to start looking for a house. Mortgage rates are at the lowest level since October.

Freddie Mac says the average rate for a 30 year, fixed-rate loan fell to 4.14 percent.

Lower mortgage rates however have not boosted the housing market.

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