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Long-term mortgage interest rates slid in the past week

Mortgage News > Long-term mortgage interest rates slid in the past week
Date: 08/16/2018    Long-term mortgage interest rates slid in the past week

Long-term mortgage interest rates slid in the past week, according to Freddie Mac, responding to investor fears about international financial woes. The average rate on a 30-year fixed rate mortgage fell to 4.53%, with an average 0.5 point during the during the week of August 16, 2018, down from 4.59% last week. Compared with one year ago however, rates are still up significantly. Last year at this time the average rate was 3.89%.

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