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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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September Mortgage Rates Show Market Volatility

September Mortgage Rates Show Market Volatility

October 2nd, 2019 | Mortgage News

Average interest rates on long-term U.S. mortgage loans fell dramatically last week, making September the most volatile month since March, according to Freddie Mac. The average rate on a 30-year fixed-rate mortgage dropped to 3.64% with 0.6 point for the week ended September 26, down 9 basis points from the previous week and down much more from 4.72% the year before. As investor moods have been yanked around by global markets, September rates have had big swings up and down with weekly rate movement averaging 11 basis points.