Steve Cook
Since 2009, Steve has been the editor and co-publisher of RealEstateEconomyWatch.com, which was named as one of the top national news sites dedicated to residential real estate by the National Association of Real Estate Editors. Steve has represented and written about hundreds of domestic and international companies as well as foreign governments, national trade organizations and political campaigns. He has worked with many of the leading online real estate companies, including Move Inc., ForeclosureRadar, MRIS and Closing.com. Steve also served as vice president of public affairs for the National Association of Realtors. In 2006 and 2007, he was named one of the 100 most influential people in real estate by Inman News Service. He has been a broadcast news correspondent and served two members of Congress as press secretary. He is also a member of the National Philharmonic Chorale. Steve lives in Silver Spring, MD with his wife and two pugs, Jesse and Momo.
Despite ongoing global growth concerns putting downward pressure on Treasury yields, average fixed mortgage rates were largely unchanged, according to Freddie Mac’s Primary Mortgage Market Survey.
Average fixed mortgage rates hardly budged this week as the Federal Open Market Committee meets later today to vote on an interest-rate increase for the first time in more than nine years.
Average fixed mortgage rates were largely unchanged following a shortened week due to the Labor Day holiday and mixed economic signals prior to the Fed's meeting next week. Freddie Mac's Primary Mortgage Market Survey showed that rates on a 30-year fixed mortgage rose slightly, but stayed below 4 percent.
China’s financial turmoil created volatility in equity markets and moved interest rates down as the 30-year mortgage rate dropped to 3.84 percent, the lowest mark since May and the fifth consecutive week with a rate below 4 percent, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS).
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