Mortgage rates retreat after Federal Reserve holds off on rate hike
Credit: Kathy Orton, Washington Post, September 24, 2015
Mortgage rates retreated this week after the Federal Reserve’s decision not to raise its benchmark interest rate, according to data released Thursday by Freddie Mac.
Concerns about the worldwide economy, volatility in the U.S. stock market, and sluggish job and wage growth contributed to the Fed’s decision to hold off on a rate increase. Those same apprehensions had a dampening effect on mortgage rates. That’s good news for home buyers and homeowners looking to refinance.
No comments:
Post a Comment