Mortgage Rates Still Below 4%

By
Real Estate Agent with Hart Real Estate Solutions RRE-BRO-LIC-24638

After a volatile July, loan interest rates have stayed below 4% for the 5th consecutive week. This week, the 30-year fixed-rate mortgage averaged 3.93%, just a tick below last week’s 3.94% average. Movement has been relatively small over this time period, but buyers will want to stay in the loop should rates trend upwards again.

Housing markets across the US have responded well to the low rates as home buyers have tried to lock down favorable rates while many homeowners have tried to refinance. All year, lenders have tried to keep rates low to keep attracting prospective buyers but they have been steadily creeping from the low 3’s to high 3’s(see January, March and April numbers here).

Fifteen-year mortgage rates averaged 3.15% this week—down from 3.17% last week.

 

Source: http://realtormag.realtor.org/daily-news/2015/08/21/30-year-mortgage-rates-remain-below-4

Comments (2)

Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

It is good to see there are still some awesome rates available for home buyer's in today's market. Thanks for sharing the latest rate information I hope you have a great weekend.

Aug 28, 2015 04:16 AM
Hart Real Estate Solutions
Hart Real Estate Solutions - Bozeman, MT
Broker/Owner

We will have to keep up with rate changes as the Fed looks to raise their own rates. Thanks for your comment!

 

Aug 31, 2015 02:35 AM