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Baltimore mortgage rates stayed flat on Wednesday, following word from the Federal Reserve that officials will leave interest rates alone.

The Fed decided to leave its key interest rate near 0 percent on Tuesday afternoon and stated that interest rates should stay low for the foreseeable future.

Fed officials said that the weakened economy is going to result in “exceptionally low levels of the federal funds rate for an extended period.”

That policy has been in place since March of last year.

Current Baltimore mortgage rates are as follows:

30-Year Fixed: 5.000% with 0 points

15-Year Fixed: 4.375% with 0 points

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* Rates shown assume a minimum credit score of 740 and a LTV of less than 70%. Adjustments may apply to lower credit scores or to higher LTVs.

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