Rates Hold Steady After Falling Week Before

Posted by Bonnie Martin Designated Broker on Friday, September 7th, 2012 at 8:59am.


dsnews.com - Amid uncertainty regarding another stimulus from the Fed, mortgage rates generally declined over the week last week. In his recent speech, Federal Reserve Chairman Ben Bernanke “left the door wide open” for further stimulus, according to Bankrate.com.

According to the GSE, the 30-year fixed-rate mortgage averaged 3.55 percent (0.7 point), demonstrating a decline from both the previous week and last year.

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