The Real Deal Miami

U.S. mortgage rates hit two-month low

30-year fixed rate slipped to 4.32 percent from 4.5 percent

September 26, 2013 03:00PM

  • Print
Federal Reserve Chairman Ben Bernanke

Federal Reserve Chairman Ben Bernanke

From the New York site: Interest rates for 30-year mortgage loans in the U.S. fell on the news that the Federal Reserve won’t begin tapering its stimulus program.

A 30-year fixed mortgage rate slipped to 4.32 percent from 4.5 percent — a two-month low — Freddie Mac said in a statement. The average rate for a 15-year mortgage, meanwhile, tumbled to 3.37 percent from 3.54 percent, according to the agency.

Federal Reserve Chairman Ben Bernanke said more evidence is needed before the central bank begins reducing its pace of monthly bond buying, a move aimed at giving homebuyers relief from rising mortgage rates.

“This is kind of a temporary pause,” Ellen Haberle, an economist at Redfin, an online real estate search service and brokerage based in Seattle, told Bloomberg News. “With all of the uncertainties as to when the Fed will taper and who the next Fed chairman will be, mortgage rates will show some volatility the next few months.”

In a rush to take advantage before tapering begins, mortgage applications for home purchases leapt the most in six months in the week ended September 20, according to the Mortgage Bankers Association. [Bloomberg News]Julie Strickland

  • mohammad

    hello iam mohammad bsaei from iran
    the people usa is very important //add contect with them//
    good luck
    call me: 0098 09376721411
    iam son boys working to usa decided the days going to usa for working and marrige with the usa // marrige usa the gril young //
    age yours son boy me: 27 years old
    please conyect with theis email boy:
    Amir_bs66@yahoo.com

MENU