Mortgage rates decline as 30-year falls to 3.76%

WASHINGTON (MarketWatch) — Mortgage rates fell slightly in anticipation — correctly, as it turns out — that the Federal Reserve wouldn’t hike rates, Freddie Mac said. The 30-year fixed-rate mortgage fell to 3.76% in the week ending Oct. 29, down from 3.79%. The 15-year fixed-rate mortgage stayed at 2.98%, and the 5-year Treasury-indexed hybrid adjustable-rate mortgage stayed at 2.89%. The 1-year Treasury-indexed ARM averaged 2.54%, down from 2.62%.

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From:: Stock Market News

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