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Week of Aug. 11th- U.S Mortgage Rates Tumble as Trade War Angst Bites

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…

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