Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Mortgage rates tick down, still stuck near 7%

The average rate for a 30-year fixed-rate mortgage fell slightly this week but is still hovering around 7%, remaining stubbornly high in the struggling housing market.

Mortgage rates fell slightly this week but are still hovering around 7%, remaining uncomfortably high for many would-be buyers.

Freddie Mac's latest Primary Mortgage Market Survey, released Wednesday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.89% this week from 6.95% last week. The average rate on a 30-year loan was 6.96% a year ago.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The average rate on the 15-year fixed mortgage also declined, dropping to 6.17% from 6.25% last week. One year ago, the rate on the 15-year fixed note averaged 6.30%.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Burlingame.com & California Media Partners, LLC. All rights reserved.