CHICAGO (MarketWatch) — Rates on fixed-rate mortgages hit another low this week, after recent reports showed drops in existing- and new-home sales, according to Freddie Mac’s weekly survey of conforming mortgage rates released Thursday.
The 30-year fixed-rate mortgage averaged 4.36% for the week ending Aug. 26, down from 4.42% last week and 5.14% a year ago. The 15-year fixed-rate mortgage averaged 3.86%, down from 3.9% last week and 4.58% a year ago.
Both fixed-rate mortgages are at record lows, after falling for nine of the past 10 weeks and shattering several previous record lows. Freddie Mac began tracking the 30-year fixed-rate mortgage in 1971 and the 15-year fixed-rate mortgage in 1991.
DEBORAH BRACCO
LICENSED REAL ESTATE ASSOCIATE
MORTGAGE RATES DECLINE TO LOWEST ON RECORD!!!!!!!
APPLESEED HOMES
Email:deborahbracco@live.com
Website: deborahbracco.com
Tel.718-619-5701
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