General World News

Mortgage rates stabilize after Fed meeting

Mortgage rates stabilized this week as the Federal Reserve decided to keep its rates unchanged Wednesday. However, mortgage rates still remain at a 23-year high.

The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, according to Freddie Mac‘s Primary Mortgage Market Survey. That’s was down slightly from last week’s 7.79% and up from 6.95% the same week one year ago.

HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate for conventional loans at 7.62% on Wednesday, details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com