Mortgage Rates Remain Near Historical Lows

According to Freddie Mac’s Primary Mortgage Survey, mortgage rates moved up slightly this week, with the 30-year fixed-rate mortgage rate averaging 3.6 %. That is almost a full percentage point lower from this time last year. These historically low rates along with a strong labor market should continue to fuel the economy by boosting consumer purchasing power, supporting housing market activity in the coming months.

Mortgage Rates August 2019