Morning Minute: Mortgage rates dip lower this week, Freddie Mac says

Fixed mortgage rates fell slightly lower this week following the Federal Reserve’s decision not to raise interest rates, Freddie Mac reports today. The 30-year, fixed-rate mortgage averaged 3.86 percent this week, down 0.7 percent compared to last week. The 15-year, fixed-rate mortgage averaged 3.08 percent, a drop of 0.6 percent. Read the full release from Freddie Mac.

In other headlines:

Drop in Rates Ramps Up Mortgage Demand – NAR’s Daily Real Estate News

New home sales climb 5.7% in August – HousingWire

 

 

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