Likewise, the 15-year fixed rate averaged 3.05% in the week that ended August 8, down from 3.20%.
The steep declines came as the escalating U.S.-China trade war roiled financial markets.
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Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.
Estimated reading time: 0 minutes, 19 seconds
Mortgage Rates Tumble Back to Three-year Low
The 30-year fixed-rate mortgage averaged 3.60% last week, dropping sharply from 3.75% a week earlier and returning to its lowest since November 2016, said Freddie Mac. So reports the Associated Press.
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