Loading…
Tuesday, July 29, 2014
Current Weather
Loading Current Weather....
Published: Thursday, 12/12/2013

Average U.S. rate on 30-year loan eases to 4.42 pct.

15-year rate down to 3.43 pct

ASSOCIATED PRESS

WASHINGTON — Average U.S. rates for fixed mortgages eased slightly this week, remaining near historically low levels.

Mortgage buyer Freddie Mac says the rate on the 30-year loan declined to 4.42 percent from 4.46 percent last week. The average on the 15-year fixed loan dipped to 3.43 percent from 3.47 percent.

Mortgage rates peaked at 4.6 percent in August and have stabilized since September, when the Federal Reserve surprised markets by taking no action. The Fed meets next week and could slow the bond purchases if the economy shows further improvement.

The bond purchases are designed to keep long-term rates low.

A government report issued today signaled growing consumer confidence in the economy at the start of the holiday shopping season, as November retail sales marked the biggest gain in five months.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories