September 22, 2016
Mortgage rates inched down this week, averaging 3.48 percent for a 30-year, fixed-rate loan, dropping from 3.50 percent last week. Last year at this time, rates were 3.86 percent, according to Freddie Mac. Yesterday, in a much-anticipated meeting, the Federal Open Market Committee (FOMC) decided to keep the Federal funds rate unchanged in a contested vote, with […]