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Home / National News / Defying Fed hike, 30-year mortgage rate slips to 3.96 %

Defying Fed hike, 30-year mortgage rate slips to 3.96 %

WASHINGTON (AP) — What Fed rate hike? One week after the Federal Reserve raised short-term interest rates from record lows, the average on a 30-year fixed-rate mortgage went the other way: It dipped to 3.96 percent from 3.97 percent last week, mortgage giant Freddie Mac says. The drop is a reminder that the Fed has only an ...

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