Fed's Decision to Delay Rate Hike Keeps Mortgage Rates Low
By Lauren Braun
Mortgage rates for 30-year fixed loans fell this week, with the rate borrowers were quoted on Zillow Mortgages at 3.73 percent Tuesday, down two basis points from last week.
The 30-year fixed mortgage rate fell to 3.67 percent on Friday before rising to Tuesday's rate.
"Mortgage rates fell last week to their lowest levels since early May after the Fed deferred its first rate hike yet again," said Erin Lantz, vice president of mortgages at Zillow. "We expect rates to be mostly stable this week now that the uncertainty about the Fed's decision has subsided."