Mortgage Rates Mirror Fed Decision

Mortgage rates on average remained unchanged this week, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®), mirroring the Federal Reserve’s decision on Wednesday to keep the key interest rate unchanged.
“The 10-year Treasury yield fell five basis points this week following a tepid advance estimate of fourth quarter GDP and the Fed’s decision to leave rates unchanged,” says Sean Becketti, Freddie Mac’s chief economist.
The 30-year fixed-