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Dayton Business Journal
Home buyers
smile as U.S. mortgage rates stop rising
Nov 23, 2015, 6:12am EST
The average fixed mortgage rates in the U.S. remained largely unchanged
this past week, ending two straight weeks of increases. The rates
dipped a fraction as analyst expectation turned from world events to
the Federal Open Market Committee's (FOMC) October minutes, according
to Freddie Mac.
The 15-year FRM this week averaged 3.18 percent with an average 0.5
point, down from last week when it averaged 3.20 percent. A year ago at
this time, the 15-year FRM averaged 3.17 percent.
"Treasury yields stabilized about 5 basis points below last week's
level as the market shrugged off economic data and world events and
turned its attention to the minutes of the October FOMC meeting,"
according to Sean Becketti, chief economist, Freddie Mac. "The FOMC
minutes were couched in careful Fed-speak, and early market reaction
was mixed...
Read the rest of the article with links at the Dayton Business Journal
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