See New Bottom
The search for a new low is still on as fixed-rates continue to break record-lows week after week. According to Freddie Mac’s survey, fixed rates fell again following reports showing a slowdown in consumer spending and the manufacturing industry.
The 30-year fixed-rate mortgage fell to 3.62 percent (0.8 point) for the week ending July 5. Last week, it averaged 3.66 percent, and last year at this time, it was 4.60 percent.
The 15-year fixed-rate dropped down to 2.89 percent (0.7 point) from last week’s 2.94 percent. A year ago at this time, the 15-year FRM averaged 3.75 percent. Read More:
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