Will Mortgage Rates Go Down?

The very end of October saw a decrease in mortgage rates. This was in response to the Federal Reserve not reducing its bond-buying program. While average loan rates on 30-year fixed-rate mortgages dropped to an average of 4.10-percent, the 15-year fixed-rate fell to 3.2-percent. In June, 30-year mortgages increased above the low 4-percent threshold that…