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Today’s Lead Story
Sunday, August 30

Mortgage & Housing

30-Year Mortgage Holds at 6.66% as Markets Price In a September Rate Hike

via Freddie Mac

The 30-year fixed-rate mortgage averaged 6.66% in Freddie Mac's August 27 survey, fractionally above 6.65% the prior week, while the 15-year rate edged up to 5.98%. Rates have pulled back from a mid-August high of 6.69% but remain above where they stood a year ago.

Why it matters

With bond markets now pricing in a September Fed rate hike, buyers who lock in a rate before the September 16 meeting could avoid paying a higher rate for the life of their loan.

For educational purposes only. Not financial, investment, tax, or legal advice. Always do your own research or speak with a qualified professional.

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