Fixed mortgage rates took another spill this week, according to new data from Freddie Mac.
The 30-year fixed-rate mortgage (FRM) averaged 3.89 percent for the week ending Aug. 17, down from last week when it averaged 3.90 percent. The 15-year FRM this week averaged 3.16 percent, down from last week when it averaged 3.18 percent. But the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.16 percent this week, up from last week when it averaged 3.14 percent.
“Mortgage rates are continuing to hold at low levels amidst ongoing economic uncertainty,” said Freddie Mac Chief Economist Sean Becketti.