New data released by Freddie Mac Thursday shows that for the week ending August 25, the 30-year fixed-rate mortgage averaged 4.22 percent (0.7 point). That’s up from 4.15 percent last week. Last year at this time, the 30-year rate was averaging 4.36 percent.
The average rate for a 15-year fixed mortgage came in at 3.44 percent (0.6 point) this week, rising from 3.36 percent last week. Twelve months ago, the 15-year rate averaged 3.86 percent.
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