US Mortgage Rates Decline in the Week Ending September 18
Original Source:
Mortgage Rates Continue to Move Down
Mortgage Rates Continue to Move Down
On Thursday, Freddie Mac released its Primary Mortgage Market Survey for the week ending Thursday, September 18.
The 30-year fixed-rate mortgage averaged 6.26%, down from 6.35% the previous week. A year ago at this time, the 30-year rate averaged 6.09%.
The 15-year fixed-rate mortgage averaged 5.41%, down from 5.50% last week. A year ago at this time, the 15-year rate averaged 5.15%.
Commenting on the results of this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“Mortgage rates decreased yet again this week, prompting many homeowners to refinance. In fact, the share of mortgage applications that were refinances reached nearly 60%, the highest since January 2022.”
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