Mortgage Rates Below Four Percent For Twelve Straight Weeks

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Freddie Mac’s October 15 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows average fixed mortgage rates nudging higher throughout the beginning of the week. However, Fed comments suggesting it may not raise short-term interest rates yesterday, coupled with weaker than expected consumer demand, pushed Treasury yields lower suggesting interest rates may remain lower than reported a while longer.

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