Freddie Mac VP Says If Fed Speculation Eases, Mtg Rates Will Stay Low

The average rate for the 30-year fixed-rate mortgage drifted to 4.50 percent, according to Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)’s survey of lenders. Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)’s survey comes amid signs of a weakening economic recovery, which partly forced Federal Reserve to continue its bond buying program. Freddie Mac’s survey facts According to the Primary Mortgage Market Survey released by Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), the 30-year fixed rate mortgage averaged 4.50 percent, with an average 0.7 percent for the week ending September 19, 2013. Interestingly, mortgage rates…