Despite a broadly expected rate increase from the Federal Reserve Board’s Federal Open Market Committee, fixed mortgage rates were little changed. But a decline could be in the offing.
The Primary Mortgage Market Survey for the week ended Dec. 14 had 30-year fixed rates on single-family loans averaging 3.93, Freddie Mac reported.
That was barely any different than last week, when the average was 3.94 percent. But long-term mortgages rates have fallen 23 basis points from the same week last year.
Source: Mortgage Daily