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Mortgage Rates Edge Down on Favorable Inflation Signals

Saturday, Aug 20 2022
Lending
Written by  The Mortgage Leader

Long-term U.S. mortgage rates have inched lower following healthy indications on inflation. So reports CNN.

arrow down icon 157360 1280According to Freddie Mac, the average for the 30-year fixed-rate mortgage was 5.13% in the week ending August 18, a drop of nine basis points from the previous week.

“​​Inflation appears to be beyond its peak, which has stopped the rapid increase in mortgage rates that the housing market was experiencing earlier this year," Freddie Mac’s Sam Khater said in a statement.

Read the full article from CNN. 

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