Mortgage Rates Fall for 4th Week in a Row

Continued volatility in the financial markets pushed mortgage rates lower again, according to the latest data released Thursday by Freddie Mac.

Investors remain leery of stocks and instead are seeking safety in bonds, which in turn drives down home loan rates. Meanwhile, mortgage rates were not affected by the Federal Reserve’s decision on Wednesday to leave its benchmark rate unchanged. That news came too late to factor into Freddie Mac’s weekly survey. The government-backed mortgage-backer aggregates rates from 125 lenders from across the country to come up with a national average for the most popular mortgage products.

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