Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 2.86% with an average 0.7 point for the week ending August 19, 2021, down slightly from last week when it averaged 2.87%. A year ago at this time, the 30-year FRM averaged 2.99%.
“Mortgage rates stayed relatively flat this week,” says Sam Khater, Freddie Mac’s chief economist. “Housing is in a similar phase of the economic cycle as
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