WASHINGTON – Mortgage rates held steady this week near all-time lows, with the continuing economic turmoil in Europe, combining with the troubles at home to keep a lid on rates, according to Freddie Mac.

The average for the 30-year, fixed-rate loan held at 3.55% this week, unchanged from last week; while the average for the 15-year mortgage dipped slightly to 2.85%, from 2.86% last week.

ARM rates were also little changed, with the average for the one-year ARM holding steady at 2.61%; and the average for the five-year ARM slipping to 2.72%, from 2.75% last week.

"Despite a lackluster August employment report, Treasury bond yields and mortgage rates were little changed this week with the financial markets speculating on further monetary stimulus from the Federal Reserve," said Frank Nothaft, chief economist for Freddie Mac.

 

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