Average Us Rate On 30-year Mortgage Slides To 3.95 Percent

By JOSH BOAK, AP Economics Writer, Seattle Post-Intelligencer: Business
Wed, 11/25/2015 - 11:15am

WASHINGTON (AP) — Average long-term U.S. mortgage rates slipped this week after they climbed recently expectations that the Federal Reserve may soon raise its key short-term interest rate. Foreign buyers poured into 10-year U.S. Treasury bonds in October, temporarily depressing mortgage rates that have since risen as the market focus has returned to the Fed. Some Fed policymakers have indicated that the 5 percent unemployment rate and potential for rising inflation levels merit a rate increase, signaling the end of extraordinary stimulus measures that began during the Great Recession.

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Topics:  washington ap     average   federal reserve   foreign   u.s treasury   october   some fed   recession   u.s    fed   rate   mortgage   percent   
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