Mortgage Rates Held in Wait of Fed Decision

Mortgage rates held in wait of the Federal Reserve’s decision on the key interest rate this week, according to Freddie Mac’s latest Primary Mortgage Market Survey® (PMMS®). The 30-year, fixed rate averaged 4.02 percent—a nudge down from 4.03 percent the week prior—while the 15-year, fixed rate averaged 3.27 percent. The 5-year, Treasury-indexed hybrid adjustable mortgage rate averaged 3.13 percent.
“The 10-year Treasury yield remained relatively flat this we