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
Mortgage Rates Continue to Decrease July 15, 2021
Dated: July 15 2021
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.
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....