Average US 30-year mortgage rate dips to 4.15 per cent
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WASHINGTON — Long-term mortgage rates slipped again this week.
Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate loans eased to 4.15
The rate on 15-year mortgages dropped to 3.35
Both rates fell for the second straight week.
But rates have soared since President Donald Trump was elected Nov. 8. Investors have bid rates higher because they expect Trump's plans to cut taxes and increase spending on infrastructure will boost growth and inflation.
The Federal Reserve raised short-term rates in December and is expected to continue hiking rates this year.