Fixed mortgage rates were unchanged this past week, though they could be elevated in the next report. Interest rates on hybrid adjustable-rate mortgages did rise.
Interest rates on 30-year loans that are used to finance a home purchase and do not exceed the conforming loan amount of $424,100 averaged 4.19 percent in August.
That is based on a small survey of lenders by the Federal Housing Finance Agency, which indicated that average rates ascended 5 basis points from the previous month.
Source: Mortgage Daily
