Mortgage Rates Reverse Course
Mortgage Rates Reverse Course.
Mortgage Rates Reverse Course
Mortgage rates fell across the board this week, after having inched higher the last few weeks from all-time lows, Freddie Mac reports in its weekly mortgage market survey.
Here’s a closer look at Mortgage rates for the week ending Aug. 30.
- 30-year fixed-Mortgage rates: averaged 3.59 percent, with an average 0.6 point, dropping from last week’s 3.66 percent average. A year ago at this time, 30-year rates averaged 4.22 percent.
- 15-year fixed-Mortgage rates: averaged 2.86 percent, with an average 0.6 point, also down from last week’s 2.89 percent average. Last year at this time, 15-year rates averaged 3.39 percent.
- 5-year adjustable-Mortgage rates: averaged 2.78 percent, with an average 0.6 point, dropping from last week’s 2.80 percent average. Five-year ARMs averaged 2.96 percent a year ago at this time.
- 1-year ARMs: averaged 2.63 percent, with an average 0.4 point, dropping from last week’s 2.66 percent average. A year ago, 1-year ARMs averaged 2.89 percent.
Source: Freddie Mac
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