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.
