Average rate on 30-year mortgage slips to 6.08 percent, lowest level in two years
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, increased slightly this week. The average rate rose to 5.16 percent from 5.15 percent last week. A year ago, it averaged 6.72 percent, Freddie Mac said.
Mortgage Rates Decline to Lowest Level in Two Years
Mortgage rates slipped to their lowest point in two years. The average rate on the standard 30-year fixed mortgage edged lower by one basis point to 6.08%, according to a survey of lenders released Thursday by mortgage-finance giant Freddie Mac.
Freddie Mac Issues Monthly Volume Summary for Aug. 2024
Details from the Mortgage Bankers Association’s latest report on the second quarter of 2024. Read the details.
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The average rate on a 30-year mortgage in the U.S. slipped to its lowest level in two years, boosting home shoppers’ ...
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