Mortgage Rates Largely Steady Ahead Of Fed Decision

Mortgage rates were little changed ahead of the Federal Reserve's key rate decision next week, mortgage buyer Freddie Mac said Thursday. The 30-year fixed rate mortgage averaged 3.90% in the week ending Sept. 10, up from 3.89. The 15-year fixed-rate mortgage averaged 3.10%, up from 3.09%, and the 1-year Treasury-indexed adjustable rate mortgage averaged 2.63%, up from 2.62%. The 5-year Treasury-indexed hybrid ARM averaged 2.91%, down from 2.93%.