The WPJ
Residential Real Estate News
Mortgage Rates in U.S. Remain Low in Late August
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage rate in the last week of August 2019 averaged 3.58 percent in the U.S., a slight increase from last week.
Sam Khater, Freddie Mac's Chief Economist says, "Mortgage rates inched up slightly this week, closing the month with the 30-year fixed-rate mortgage rate averaging 3.6 percent - almost a full percent from the same time last year. Low mortgage rates along with a strong labor market are fueling the consumer-driven economy by boosting their purchasing power, which will certainly support housing market activity in the coming months."
Freddie Mac News Facts
Sam Khater, Freddie Mac's Chief Economist says, "Mortgage rates inched up slightly this week, closing the month with the 30-year fixed-rate mortgage rate averaging 3.6 percent - almost a full percent from the same time last year. Low mortgage rates along with a strong labor market are fueling the consumer-driven economy by boosting their purchasing power, which will certainly support housing market activity in the coming months."
Freddie Mac News Facts
- 30-year fixed-rate mortgage averaged 3.58 percent with an average 0.5 point for the week ending Aug 29, 2019, up from last week when it averaged 3.55 percent. A year ago at this time, the 30-year FRM averaged 4.52 percent.
- 15-year FRM averaged 3.06 percent with an average 0.5 point, up from last week when it averaged 3.03 percent. A year ago at this time, the 15-year FRM averaged 3.97 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.31 percent with an average 0.4 point, down from last week when it averaged 3.32 percent. A year ago at this time, the 5-year ARM averaged 3.85 percent.
Real Estate Listings Showcase
This website uses cookies to improve user experience. By using our website you consent in accordance with our Cookie Policy. Read More