Concerns about inflation, or the lack thereof, helped to pull down long-term rates on home loans to the lowest level since last year. Signs point to little or no change in the next report.
Thirty-year fixed rates on single-family loans averaged 3.86 percent in Freddie Mac’s Primary Mortgage Market Survey for the week ended Aug. 24.
That was the lowest average for long-term rates on residential loan since the week ended Nov. 10, 2016, when 30-year rates were reported at 3.57 percent.
Source: Mortgage Daily