Monday, 2 August 2021 | The Latest Buzz for the Appraisal Industry

Mortgage Rates Continue to Hold at Just Below 3 Percent

Mortgage rates decreased this week, with the average rate for a 30-year fixed-rate mortgage falling to 2.96%, down from 2.98% last week and down from 3.26% a year ago, according to Freddie Mac’s Primary Mortgage Market Survey.

“Mortgage rates have remained under three percent for three consecutive weeks,” says Sam Khater, chief economist for Freddie Mac. “Consumer income and spending are picking up, which is leading to an acceleration in economic growth. The combination

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