US Mortgage Rates Decline in the Week Ending August 20
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Mortgage Rates Decline for Second Consecutive Week
Mortgage Rates Decline for Second Consecutive Week
On Thursday, Freddie Mac released its Primary Mortgage Market Survey for the week ending Thursday, August 20.
The 30-year fixed-rate mortgage averaged 6.65%, down from 6.67% the previous week. A year ago at this time, the 30-year rate averaged 6.58%.
The 15-year fixed-rate mortgage averaged 5.95%, down from 5.96% last week. A year ago at this time, the 15-year rate averaged 5.69%.
Commenting on this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“The 30-year fixed-rate mortgage declined this week averaging 6.65%. With a dip in rates providing modest relief for homebuyers, it’s important to remember borrowers can potentially save thousands by shopping around for the best mortgage rate.”
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