30-Year Mortgage Rate Hits 2017 Low
The 30-year fixed mortgage rate dropped to its lowest mark since November 10, 2016, according to the Primary Mortgage Market Survey® (PMMS®), released today by Freddie Mac.
30-year fixed-rate mortgage (FRM) averaged 3.86 percent with an average 0.5 point for the week ending August 24, 2017, down from last week when it averaged 3.89 percent. A year ago at this time, the 30-year FRM averaged 3.43 percent.
15-year FRM this week averaged 3.16 percent with an average 0.5 point, the same as last week. A year ago at this time, the 15-year FRM averaged 2.74 percent.