MCLEAN, Va.--The 30-year fixed-rate mortgage leveled off this week, averaging 6.58% Freddie Mac reported.
“The 30-year fixed-rate mortgage remained flat this week,” said Sam Khater, Freddie Mac’s chief economist. “Over the summer, rates have come down and purchase applications are outpacing 2024, though a number of homebuyers continue waiting on the sideline for rates to further decrease.”
The 30-year FRM averaged 6.58% as of Aug. 21, unchanged from last week. A year ago at this time, the 30-year FRM averaged 6.46%. The 15-year FRM averaged 5.69%, down slightly from last week when it averaged 5.71%. A year ago at this time, the 15-year FRM averaged 5.62%, Freddie Mac said..