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Mortgage Rates Remain at Five-Month Lows

  • July 29th 2021

by UrbanTurf Staff

Long-term mortgage rates remained at their lowest level in five months for the second straight week. 

Freddie Mac reported 2.8% with an average 0.7 point on Thursday, up two basis points from last week, but still near their lowest level since February.

“As the economy works to get back to its pre-pandemic self, and the fight against COVID-19 variants unfolds, owners and buyers continue to benefit from some of the lowest mortgage rates of all-time,” Freddie Mac economist Sam Khater said in a release.

The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.

See other articles related to: interest rates

This article originally published at https://dc.urbanturf.com/articles/blog/mortgage-rates-remain-at-five-month-lows/18550.

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