Mortgage Rates Remained Flat 9-5-2024
“Mortgage rates remained flat this week as markets await the release of the highly anticipated August jobs report,” said Sam Khater, Freddie Mac’s Chief Economist. “Even though rates have come down over the summer, home sales have been lackluster. On the refinance side, however, homeowners who bought in recent years are taking advantage of declining mortgage rates to lower their monthly payments.”
News Facts
- As of September 5, 2024, the 30-year FRM averaged 6.35 percent, unchanged from last week. At this time a year ago, it averaged 7.12 percent.
- The 15-year FRM averaged 5.47 percent, down from last week when it averaged 5.51 percent. A year ago, the 15-year FRM averaged 6.52 percent.
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