Fixed rates on residential loans fell to their lowest level in 10 weeks, and the outlook for the next report is for mortgage rates to linger where they are now.
Thirty-year fixed interest rates on conventional mortgages utilized to finance a home purchase with conforming loan amounts averaged 3.74 percent in August.
Long-term rates on residential loans declined from the prior month’s 3.80 percent and have moved lower each month since they were 4.23 percent in January.
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From:: Financing