New 2017 Low for Mortgage Rates, Could Go Lower

Interest rates on single-family loans this past week fell to the lowest level since last year, and the next report could see a similar decline.

On loans that are utilized to finance a home purchase, 30-year fixed rates on conforming conventional mortgages averaged 4.14 percent in July.

That turned out to be slightly less than during the preceding month, when average long-term mortgage rates came in at 4.15 percent.

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From:: Financing