30-Year Mortgage Rates Inch Up.

By
Real Estate Agent with Boston Luxury Residential

Freddie Mac confirms that average interest for 30-year fixed mortgages rose for the third consecutive week, bumping up to 4.24 percent from 4.23 percent a week ago.

The average 15-year rate for the week ended Nov. 4 was 3.63 percent, a drop from 3.66 percent.

Scott Brown, chief economist at Raymond James & Associates Inc., says this week's Federal Reserve actions "aren't going to change the economy right away, but they should help keep mortgage rates low for quite some time."

Posted by

C.H. Naamad
Broker

Boston Luxury Residential
BostonLuxuryResidential.com
ch@blrboston.com
Cell: 617-407-9740

 “If you have any questions about Boston real estate, or desire more information about a property, please contact Boston Luxury Residential: C.H. Naamad:  617-407-9740, or email @ ch@blrboston.com  to begin working for you.”  

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