Mortgage Rates Expected to Stay Put for Months

Fixed mortgage rates moved higher this past week. But multiple short-term and long-term forecasts have fixed rates remaining where they are now for months.

Residential loans that were closed during September 2016 had an average 30-year note rate of 3.75 percent — the lowest monthly average since May 2013.

Mortgage rates averaged 3.77 percent in August 2016, while interest rates were much higher in September 2015, a month when they stood at 4.28 percent.

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From:: Financing