Mortgage Rates Dip to 3.65% Ahead of Yellen News Conference
By Lauren Braun
The 30-year fixed mortgage rate dropped Wednesday, then hovered around 3.69 percent before falling to the current rate on Tuesday.
"Rates fell early last week as the European Central Bank officially launched its bond purchase program, and remained low due to weak U.S. data released later in the week," said Erin Lantz, vice president of mortgages at Zillow. "This week we expect rate volatility leading up to Wednesday's Federal Open Market Committee statement and Fed Chair Janet Yellen's press conference."