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 at December 24, 2015 10:49 AM

  

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