{"id":10240,"date":"2016-10-03T14:29:26","date_gmt":"2016-10-03T14:29:26","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=10240"},"modified":"2016-10-03T14:29:33","modified_gmt":"2016-10-03T14:29:33","slug":"mortgage-rates-dip-10-week-low","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/mortgage-rates-dip-10-week-low\/","title":{"rendered":"Mortgage Rates Dip to 10-Week Low"},"content":{"rendered":"

Mortgage Rates Dip to 10-Week Low<\/h2>\n

 <\/p>\n

\"Mortgage<\/a>

Mortgage Rates Dip to 10-Week Low<\/p><\/div>\n

Borrowing costs moved lower for home buyers and refinancers this week. The 30-year fixed-rate mortgage dropped to its lowest average in nearly three months.<\/p>\n

“Investors flocked to the safety of government bonds causing the 10-year Treasury yield to continue its descent following the FOMC’s decision to leave rates unchanged,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 30-year fixed-rate mortgage responded by dropping 6 basis points before landing at 3.42 percent — a ten-week low. The course of the economy is uncertain, yet consumers continue to be a bright spot. The September consumer confidence index is up 3 percent to 104.1, exceeding forecasts and reaching a new cycle high.”<\/p>\n

Freddie Mac reports the following national averages with mortgage rates for the week ending Sept. 29:<\/p>\n