NEW YORK—Interest rates on U.S. 30-year fixed-rate mortgages edged down as longer-dated bond yields had retreated on curve-flattening trades following the Federal Reserve’s widely expected rate increase last week, Freddie Mac said on Oct. 4.
Borrowing costs on 30-year mortgages, the most widely held home loan type in the United States, averaged 4.71 percent in the week ended Oct. 4, which was a tad lower than 4.72 percent the week before, the mortgage finance agency said.
