US Mortgage Rates Drift Lower in the Week Ending August 13
Original Source:
Mortgage Rates Average 6.67%
Mortgage Rates Average 6.67%
On Thursday, Freddie Mac released its Primary Mortgage Market Survey for the week ending Thursday, August 13.
The 30-year fixed-rate mortgage averaged 6.67%, down from 6.69% the previous week. A year ago at this time, the 30-year rate averaged 6.58%.
The 15-year fixed-rate mortgage averaged 5.96%, down from 6.01% last week. A year ago at this time, the 15-year rate averaged 5.71%.
Commenting on this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“Mortgage rates remained relatively stable this week at 6.67%. Housing affordability has improved from a year ago, and recent increases in purchase and refinance applications suggest that borrowers continue to respond to even modest changes in mortgage rates.”
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