Mortgage rates fall as the Federal Reserve brings stability to the mortgage market

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Mortgage rates seesawed lower this week after the Federal Reserve stepped in to provide some assurance to lenders who were at a loss as to how to price home loans amid the disruptions caused by the coronavirus emergency….MarketWatch

Mortgage rates declined precipitously this past week after the Federal Reserve began buying mortgage-backed securities in an effort to provide more assurance to home-loan lenders. Getty Images

The 30-year fixed-rate mortgage dropped to 3.50% during the week ending March 26, Freddie FMCC, -8.544% reported Thursday. That represented a significant decrease of 15 basis points from last week, when rates surged to the highest level since January.

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