Mortgage Rates Hold, Fed Chair to Impact Movement

Mortgage rates didn’t budge this past week, and the short-term outlook is totally dependent on tomorrow’s comments from the Federal Reserve Board.

Thirty-year fixed rates averaged 3.43 in Freddie Mac’s Primary Mortgage Market Survey for the week ended Aug. 25, no different than one week prior.

But a significant improvement has been made on residential interest rates compared to one year prior, when the 30 year was reported at 3.84 percent.

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From:: Financing