Mortgage rates plumment below 4%

By Brena Swanson | HousingWire

Fixed-mortgage rates drastically decreased following a more than disappointing September jobs report, the most recent Freddie Mac Primary Mortgage Market Survey said.

Once gain, rates are below 4% for the 11th consecutive week, including the 15-year fixed, which fell below 3% once again for the first time since April of this year.

The 30-year fixed-rate mortgage averaged 3.76% for the week ending Oct. 8, 2015, down from last week when it averaged 3.85%. Last year, the 30-year FRM averaged 4.19%.

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October 9, 2015

Housing, real estate

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Mortgage rates plumment below 4%

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