Mortgage Rates Headed Lower: Analysis - TheStreet

Mortgage Rates Headed Lower: Analysis - TheStreet: "Traditional 30-year fixed-rate mortgages now cost borrowers just 4.32%, on average, down 4 basis points from the previous week. Shorter-term fixed mortgage rates, as well as those for hybrids and adjustable-rate mortgages all fell this week as well.

Rates on 30-year fixed loans, the most common type of mortgage, have stayed at or below 5% since May. They've declined by a monthly average of 17 basis points during that time. If the trend continues, 30-year rates stand to drop to 4.24% in September."

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