Mortgage Rates Dropped During the Week

Gate to the side yard
Gate to the side yard in Hollywood, FL

Freddie Mac released another weekly Primary Mortgage Market Survey on August 23rd ,2018. It shows U.S weekly average mortgage rates for the week ending August 23rd, ,2018.

Mortgage rate dropped during the last week:

Freddie Mac 8_23_2018. Primary Mortgage Market Survey
Freddie Mac 8_23_2018. Primary Mortgage Market Survey

The highest interest point for 30-year fixed-rate mortgage was for the week ending May 24th, 2018. It was 4.66 percent.

The highest interest rate for 15-year fixed-rate mortage was for the same week ending May 24th, 2018, and it was 4.15 percent.

 

Freddie Mac 8_23_2018. US weekly mortgage averages
Freddie Mac 8_23_2018. US weekly mortgage averages

30-year fixed-rate mortgage dropped by 2 points since August 16th, 2018, when it was 4.53 percent, and current is at 4.51 percent.

30-year fixed-rate mortgage increased by 65 points since August 24th, 2017, when it was 3.86 percent.

15-year fixed-rate mortage dropped by 3 points since the last week’s August 16th, 2018 results of 4.01 percent. Now the 15-year fixed rate mortgage is at 3.98 percent.

15-year fixed-rate mortage increased by 82 points in one year since the August 24th, 2017 when it was  3.16 percent.