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Mortgage Rates Dip to Six-Month Low Amid Delta Surge

Sunday, Aug 08 2021
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Written by  The Mortgage Leader

Mortgage rates have sunk back to their lowest since February as the spread of the Delta variant of COVID-19 has shaken investors’ optimism about economic growth. So reports MoneyWise.

arrow 98577 1280The 30-year fixed-rate mortgage averaged 2.77% in the week ending August 5, down three basis points since the previous week and the lowest in nearly six months.

In early January, the 30-year averaged 2.65%, the lowest since Freddie Mac started keeping track 50 years ago.

Read the full article from MoneyWise.

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