Mortgage Rate Trend Index
Only 16% of mortgage experts polled this week expect rates to rise over the short term. Citing the current federal shutdown and debt ceiling debate, 42% predict further decreases and the same number (42%) expect no change.
Average U.S. rates on fixed mortgages fell for the third straight week in three months, as a decline in consumer confidence and the government shutdown forced lower rates.
The average rate on the 30-year loan dropped to 4.22 percent.
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