Long-Term Mortgage Rates Fall Below 3.5%
Long-term mortgage rates are now at their lowest level in three years. On Thursday, Freddie Mac reported 3.49 percent with an average 0.5 point as the average for a 30-year mortgage. Rates fell below 3.5 percent for the first time since October 2016. “Mortgage rates continued the summer swoon due to weaker economic data," Freddie Mac's Sam Khater