After rising rapidly for most of July, mortgage rates are now back down to their lowest levels in three weeks.
"As inflation slows, mortgage rates decreased this week," Sam Khater, Freddie Mac's chief economist, said in a press release.
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30-Year Fixed Mortgage RatesThis week's average 30-year fixed mortgage rate is 6.78%, according to Freddie Mac.
15-Year Fixed Mortgage RatesThe average 15-year fixed mortgage rate is 6.06% this week, according to Freddie Mac data.
Persons:
Freddie Mac, Sam Khater, Freddie Mac's, they'll, you'll
Organizations:
Zillow, Federal Reserve
Locations:
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