Mortgage Rates Hover at All-Time Low

Average fixed mortgage rates dipped slightly last week, remaining near their all-time record lows, according to the recently released Freddie Mac Primary Mortgage Market Survey® (PMMS®).
The 30-year fixed-rate mortgage (FRM) averaged 3.43 percent with an average 0.5 point for the week ending August 18, 2016, down from the last week when it averaged 3.45 percent. A year ago at this time, the 30-year FRM averaged 3.93 percent.
The 15-year FRM averaged 2.74 percent with an average