US Mortgage Rates Fall in the Week Ending August 7
Original Source:
Mortgage Rates Continue to Decrease
Mortgage Rates Continue to Decrease
Freddie Mac has released its Primary Mortgage Market Survey for the week ending Thursday, August 7.
The 30-year fixed-rate mortgage averaged 6.63%, down from 6.72% last week. A year ago at this time, the 30-year rate averaged 6.47%.
The 15-year fixed-rate mortgage averaged 5.75%, down from 5.85% last week. A year ago at this time, the 15-year rate averaged 5.63%.
Commenting on this week’s results, Freddie Mac Chief Economist Sam Khater said:
“The 30-year fixed-rate mortgage dropped to its lowest level since April. The decline in rates increases prospective homebuyers’ purchasing power, and our research shows that buyers can save thousands by getting quotes from a few different lenders.”
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.