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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:

PMMS chart 20180823

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

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