RATES DECLINE: Average U.S. rates on fixed mortgages fell this week amid signs that the economic recovery is slowing.
THE NUMBERS: Mortgage buyer Freddie Mac says that the average rate on the 30-year loan fell to 4.50 percent from 4.57 percent last week. The average on the 15-year fixed mortgage dipped to 3.54 percent from 3.59 percent last week.
FED HOLDS OFF: Many economists had expected the Fed would to decide this week to scale back bond purchases that have kept long-term rates extremely low. The central bank voted on Wednesday to continue the program at current levels.
Source: http://www.washingtonpost.com/business/news-summary-average-us-rate-on-30-year-mortgages-slips-to-450-pct/2013/09/19/05147336-2169-11e3-ad1a-1a919f2ed890_story.html
Check out Jim Clooney
THE NUMBERS: Mortgage buyer Freddie Mac says that the average rate on the 30-year loan fell to 4.50 percent from 4.57 percent last week. The average on the 15-year fixed mortgage dipped to 3.54 percent from 3.59 percent last week.
FED HOLDS OFF: Many economists had expected the Fed would to decide this week to scale back bond purchases that have kept long-term rates extremely low. The central bank voted on Wednesday to continue the program at current levels.
Source: http://www.washingtonpost.com/business/news-summary-average-us-rate-on-30-year-mortgages-slips-to-450-pct/2013/09/19/05147336-2169-11e3-ad1a-1a919f2ed890_story.html
Check out Jim Clooney
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