The spring home buying season is here and buyers heading out to look for a home will have the added incentive of affordable, low mortgage interest rates. Freddie Mac reported that rates for a 30-year fixed mortgage averaged 4.27 percent last week, marking a six week low. The 15-year fixed mortgage rate averaged 3.33 percent. Read more.

In other headlines:

Rules of engagement in home appraisals – Chicago Tribune

Report: A Third of Home Owners in Foreclosure Have Equity – Daily Real Estate News

New-Home Construction Ramps Up in Midwest, Northeast – Daily Real Estate News