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Source: realtor.org
Video: Average Mortgage Rates Vancouver BC Q&A 17 – What Are Interest Rates Based On?
HSH.com Finds Average Fixed
“The Fed has prepared the market for the change, and the market has largely adjusted to what should be a slow, steady process of reducing bond buys,” adds Gumbinger. “If the Fed doesn’t make a change, it may inadvertently signal that it thinks the economy is still weak; moving quickly might send signals that the Fed has new concerns over inflation forming in certain financial markets. Either would be outside the market’s expectations, and would be disruptive. Hence, the Fed is most likely to move slowly and cautiously, and take pains to carefully describe what they think will happen next, so as to make as few waves as possible.”
Source: nationalmortgageprofessional.com
Fixed mortgage rates show another decline
The retreat in the average rate of a 30-year mortgage comes just a couple of weeks after the rate reached a two-year high of 4.58 percent on Aug. 22. The average rate on a 15-year mortgage also hit a two-year high — 3.60 percent — that day. Overall, mortgage rates remain low by historical standards.
Source: thedailyrecord.com
Mortgage Rates Drop To Two Month Low at SocketSite™
∙ Fed Backs Off Tapering Talk, Expect Mortgage Rates To Ease [SocketSite] ∙ 30-Year Fixed-Rate Mortgage at Nine Week Low [Freddie Mac] ∙ Spike In Sales Due To, Rather Than Despite, A Spike In Rates [SocketSite] ∙ Mortgage Rates Dip And The Discount For Borrowing More Grows [SocketSite]
Source: socketsite.com