Mortgage Rates Continue to Decrease July 15, 2021

Dated: July 15 2021

Views: 298

Mortgage Rates Continue to Decrease

The summer swoon in mortgage rates continues as the 30-year fixed-rate mortgage fell for the third consecutive week. Since their peak at 3.18% in April, mortgage rates have declined by thirty basis points. While this decline is not large, it provides modest relief to borrowers who are purchasing in a market with strong home appreciation and scant inventory.

Residential Mortgage Rate Trends

Blog author image

Bryan Hendricks

Bryan Hendricks - Born and raised in the Texas panhandle, Bryan moved to the DFW Metroplex to finish his degree in Economics and Finance at the University of Texas at Dallas. After college he worked a....

Latest Blog Posts

Mortgage Rates Generally Hold Steady August 26 2021

The tug-of-war between the economic recovery and rising COVID-19 cases has left mortgage rates moving sideways over the last few weeks. Overall, rates continue to be low, with a window of

Read More

Mortgage Rates Trend Down July 22 2021

Concerns about the Delta variant, and the overall trajectory of the pandemic, are undoubtedly affecting economic growth. While the economy continues to mend, Treasury yields have decreased, and

Read More

4 Common Renovation Mistakes to Avoid

When the market is competitive, many homeowners opt to renovate their properties rather than sell or buy.This can be a smart move for many reasons, but as you know, home projects can often end up

Read More

Mortgage Rates Continue to Decrease July 15, 2021

Mortgage Rates Continue to DecreaseThe summer swoon in mortgage rates continues as the 30-year fixed-rate mortgage fell for the third consecutive week. Since their peak at 3.18% in April, mortgage

Read More