Mortgage Rates Remain Near Historical Lows

Author: Rich Barnhart

Author: Rich Barnhart

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

Blog Author:

Rich Barnhart

Rich is the broker and owner of By The Sea Realty and a frequent contributor to the company's real estate blog.

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