Longer-Term Mortgage Rates Edge Lower
- Share via
The average interest rate on 30-year fixed-rate mortgages dipped to 7.08% for the week ending July 20, down from 7.21% last week, Freddie Mac said. Fifteen-year mortgages, a popular option for refinancing, fell to 6.65% this week, compared with 6.76% the previous week.
On one-year adjustable-rate mortgages, lenders were asking an average initial rate of 5.62%, down from 5.79% the week before.
These rates do not include add-on fees known as points, which averaged about 1% of the loan amount for all three types of mortgages.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
