US Mortgage Rates Edge Higher in the Week Ending August 27
Mortgage Rates Hold Steady
On Thursday, Freddie Mac released its Primary Mortgage Market Survey for the week ending Thursday, August 27.
The 30-year fixed-rate mortgage averaged 6.66%, up from 6.65% the previous week. A year ago at this time, the 30-year rate averaged 6.56%.
The 15-year fixed-rate mortgage averaged 5.98%, up from 5.95% 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:
“Mortgage rates changed little this week averaging 6.66%. The economy remains resilient, demonstrated by steady consumer spending and rising household incomes. More homes coming on the market and slower price growth in many areas are giving buyers better options and helping create a more balanced housing market.”
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