This week's Freddie Mac's Primary Mortgage Market Survey found the 30-year fixed rate mortgage average 2.77%.
With global market uncertainty surrounding the Delta variant of COVID-19, we saw 10-year Treasury yields drift lower and consequently mortgage rates followed suit. The 30-year fixed-rate mortgage dipped back to where it stood at the beginning of 2021, and the 15-year fixed remained at its historic low.
•30-year fixed-rate mortgage averaged 2.77 percent with an average 0.6 point for the week ending August 5, 2021, down from last week when it averaged 2.80 percent. A year ago at this time, the 30-year FRM averaged 2.88 percent.
•15-year fixed-rate mortgage averaged 2.10 percent with an average 0.6 point, unchanged from last week. A year ago at this time, the 15-year FRM averaged 2.44 percent.
•5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.40 percent with an average 0.4 point, down from last week when it averaged 2.45 percent. A year ago at this time, the 5-year ARM averaged 2.90 percent.
For more information on today's mortgage market rates, you can check sites such as Mortgage News Daily or other financial news providers. You can also check with your mortgage lender for the latest on rates.