- It appears financial markets were sitting tight while everyone waited to see what the Federal Reserve Board would do about trying to bring down interest rates further – the buying program announced Friday.
- In its weekly survey of what lenders are charging, Freddie Mac found that the 30-year fixed-rate mortgage rate was right where it had been a week earlier – 3.55%.
- The 15-year fixed-rate mortgage averaged 2.85%, almost matching last week's 2.86%.
From the article:
Despite a lackluster August employment report, mortgage rates barely moved — if at all — this week as the financial markets speculate on further monetary stimulus from the Federal Reserve. ...