Average US rate on 30-year mortgage slides to 3.95 percent
WASHINGTON - Average long-term U.S. mortgage rates slipped this week after they rose recently on expectations that the Federal Reserve may soon raise its key short-term interest rate.
Mortgage buyer Freddie Mac said Wednesday the average rate on a 30-year fixed-rate mortgage slipped to 3.95 percent from 3.97 percent a week earlier. The key 30-year rate was nearly unchanged from its level of a year ago, 3.97 percent. But the average has increased over the past months from 3.76 at the end of October.
The average on 15-year fixed-rate mortgages was unchanged at 3.18 percent from 3.20.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Pay raises for police and other city-parish employees approved by Metro Council
Police warning women of pervert around LSU lakes
Bad behavior surrounding drug store dumpster, neighbor's property tainted
After WBRZ report on teacher's child porn arrest, school system admits employee...
After 2-year-old's overdose death, family plans to sue state over DCFS failure