August 11, 2019
|
Mortgage rates tumbled by 15 basis points in the week ending 8th August. 30-year fixed rates slid to 3.60% following a hold at 3.75% in the week ending 1st August. The 15 basis point fall left 30-year rates back at their lowest level since late 2016 according to figures released by Freddie Mac. Compared to this time last year, 30-year fixed rates were down by 100 basis points. More significantly, 30-year fixed rates are down by 134 basis points since last November’s most recent peak of 4.94%. The weekly slide also left mortgage rates at their lowest level since the month of Trump’s inauguration… |
Return to Recent News Main Page |