This morning, Freddie Mac reported 3.55 percent with an average 0.6 point as the average on a 30-year fixed-rate mortgage, the same rate that was reported last week. Last year at this time, rates averaged 4.09 percent.
From Freddie Mac vice president and chief economist Frank Nothaft:
Despite a lackluster August employment report, Treasury bond yields and mortgage rates were little changed this week with the financial markets speculating on further monetary stimulus from the Federal Reserve.
The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.
This article originally published at http://dc.urbanturf.com/articles/blog/3.55_rates_unchanged_this_week/6022
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