December 24, 2015
IT'S A DEFLATIONARY EPOCH:
Average on US 30-year mortgage slips to 3.96 pct. (PAUL WISEMAN, 12/24/15, AP)
What Fed rate hike?One week after the Federal Reserve raised short-term interest rates from record lows, the average on a 30-year fixed-rate mortgage went the other way: It dipped to 3.96 percent from 3.97 percent last week, mortgage giant Freddie Mac says.
That rate remains extortionate.
Posted by Orrin Judd at December 24, 2015 10:49 AM