30-Year rates holding steady around 4.50%
According to the Primary Mortgage Market survey, the 30-year fixed-rate mortgage averaged 4.52% for the week ending Aug. 30, 2018, increasing from 4.51% last week, and is still a substantial increase from last year’s rate of 3.82%.
The 15-year FRM averaged 3.97 this week, down from last week’s 3.98%. This time last year, the 15-year FRM was 3.12%.
Source: Housing Wire
By John Skinner
