Mortgage Rates Fall as U.S. Homebuyers Get Fed Reprieve
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Mortgage rates for 30-year U.S. loans fell to a five-week low, a decline that’s likely to be extended after the Federal Reserve refrained from reducing its monthly bond buying.
The average rate for a 30-year fixed mortgage dropped to 4.5 percent from 4.57 percent, Freddie Mac said in a statement today. The average 15-year rate decreased to 3.54 percent from 3.59 percent, according to the McLean, Virginia-based company.