Mortgage Rates hit 5 week low | Chappaqua Homes

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Mortgage rates for 30-year loans dropped to a five-week low, which will likely be extended due to the Federal Reserve's decision to refrain from reducing its monthly mortgage bond and Treasury purchases. Per Bloomberg:

The average rate for a 30-year fixed mortgage dropped to 4.5% from 4.57%, Freddie Mac said in a statement today. The average 15-year rate decreased to 3.54% from 3.59%, according to Freddie Mac.



http://www.housingwire.com/articles/print/26930-mortgage-rates-hit-a-five-week-low

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