Archive For December 28, 2015

Mortgage Rates Drop Despite Fed Rate Hike

Mortgage Rates Drop Despite Fed Rate Hike

The Federal Reserve raised the short-term interest rate slightly last week, but that didn’t affect the nation’s mortgage rates! Experts predicted that the Fed’s recent rate hike may cause mortgage rates to increase, but rates actually decreased slightly to 3.96% for the average 30-year fixed.The average 15-year fixed rate mortgage currently stands at 3.22%, according…

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