The 30-year fixed-rate mortgage reversed course this week, averaging 3.90 percent.
Freddie Mac reports the following national averages for the week ending Aug. 10:
- 30-year fixed-rate mortgages: averaged 3.90 percent, with an average 0.5 point, dropping from last week’s 3.93 percent average. Last year at this time, 30-year rates averaged 3.45 percent.
- 15-year fixed-rate mortgages: averaged 3.18 percent, with an average 0.5 point, the same average as last week. A year ago, 15-year rates averaged 2.76 percent.
Source: Freddie Mac