August 17

(Paul J. Richards/AFP/Getty Images)

Global and domestic unrest put downward pressure on mortgage rates this week.

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 3.89 percent with an average 0.4 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 3.90 percent a week ago and 3.43 percent a year ago. The 30-year fixed rate is at its lowest level since late June.

The 15-year fixed-rate average slid to 3.16 percent with an average 0.5 point. It was 3.18 percent a week ago and 2.74 percent a year ago. The five-year adjustable rate average moved slightly higher to 3.16 percent with an average 0.4 point. It was 3.14 percent a week ago and 2.76 percent a year ago.

How much lower rates will fall depends on what lies ahead. Besides concerns over domestic and international turmoil, investors are beginning to lose faith the administration will enact fiscal reforms.

Click Below for the full article 

//www.washingtonpost.com/news/where-we-live/wp/2017/08/17/fixed-mortgage-rates-continue-their-slide-falling-to-two-month-lows/?utm_term=.3c06f0843566