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Mortgage Rates Stay Near All-Time Lows as Fed Remains Dovish

Friday, Sep 18 2020
Lending
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Mortgage rates have remained at or near their historic lows as the Federal Reserve has continued to signal that it will maintain a loose monetary policy to prop up the coronavirus-battered economy. So reports Moneywise.

According to Freddie Mac, the 30-year fixed-rate mortgage rate averaged 2.87% in the week ending September 17, up one basis point from last week’s record low, while the average on the 15-year fixed-rate was down two basis points to 2.35%—a fresh all-time low.

The Fed ended a two-day police meeting September 16 by vowing to keep a key interest rate near zero.

Read the full article from Moneywise. 

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