Mortgage rates hold steady despite weak employment rates
- September 14, 2012
The average 30-year, fixed-rate mortgage held steady at 3.55 percent this year, according to Freddie Mac.
“Despite a lackluster August employment report, Treasury bond yields and mortgage rates were little changed this week with the financial markets speculating on further monetary stimulus from the Federal Reserve,” Freddie Mac Chief Economist Frank Nothaft said in a statement.
A year ago this week, the average 30-year rate was 4.09 percent.
The 15-year fixed-rate mortgage fell to 2.85 percent from 2.86 percent last week. A year ago the 15-year, fixed-rate mortgage was 3.3 percent.