Good News: Mortgage Rates back to April 2018 levels

According to the FreddieMac‘s August 23rd PMMS report, mortgage rates reverted back to their lowest level since mid-April. That’s good news for buyers.

The U.S. weekly average 30-year fixed mortgage rate dipped slightly to 4.51 percent this week. The 30-year FRM is up .65 from this time a year ago. The 15-year FRM sits at 3.98%, down .03 from one week ago. and the 5/1-year Adjustable Rate Mortage checks in at 3.82%, down .05 from one week ago and up .65 from this time last year.

Take a look:

The Seay Realty Group has been working with local lenders for years, and would be happy to discuss rates in our specific market with you. Call us today! 214.636.8485