Mortgage rates for 30-year U.S. loans tumbled to a two-month low after the Federal Reserve said it wouldn’t reduce its pace of monthly bond buying.
The average rate for a 30-year fixed mortgage dropped to 4.32 percent from 4.5 percent, Freddie Mac said in a statement today. The average 15-year rate decreased to 3.37 percent from 3.54 percent, according to the McLean, Virginia-based company.
