Tags: Mortgage Rates | home loans | borrowing | houses
Average US Rate on 30-year Mortgages Eases to 3.85 Percent
(iStock Photo)

Average US Rate on 30-year Mortgages Eases to 3.85 Percent

Thursday, 01 October 2015 10:46 AM

Average long-term U.S. mortgage rates eased slightly this week, continuing at low levels to entice potential homebuyers.

Mortgage giant Freddie Mac says the average rate on a 30-year fixed-rate mortgage declined to 3.85 percent from 3.86 percent a week earlier. The rate on 15-year fixed-rate mortgages ticked down to 3.07 percent from 3.08 percent.

Rates have stayed below 4 percent for 10 straight weeks.

The Federal Reserve announced Sept. 17 its decision to keep interest rates at record lows for now. A rate hike by the Fed could bring higher rates for home loans. The Fed has kept the federal funds rate near zero since the financial crisis struck in 2008.

© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


   
1Like our page
2Share
Personal-Finance
Average long-term U.S. mortgage rates eased slightly this week, continuing at low levels to entice potential homebuyers.
Mortgage Rates, home loans, borrowing, houses
111
2015-46-01
Thursday, 01 October 2015 10:46 AM
Newsmax Media, Inc.
 
Newsmax TV Live

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved