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Mortgage Rates Drift After Rebounding to Highest Since July

Saturday, Aug 21 2021
Lending
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Mortgage rates have held steady as markets digested the spread of the Delta variant and signals from the Federal Reserve about economic stimulus. So reports MarketWatch.

covid 19 4922384 640smallAccording to Freddie Mac, the 30-year fixed-rate mortgage averaged 2.86% for the week ending August 19, down from 2.87% a week earlier, which was the highest since July 15.

Meanwhile, despite historically low mortgage rates, a separate survey by Bankrate.com found that just 19% of homeowners with a mortgage they had prior to the pandemic really have refinanced since COVID-19 hit.

Read the full article from MarketWatch. 

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