Interest rates for home loans ticked down as simmering trade tensions kept investors flocking to the safety of bonds, even as evidence mounts that more would-be home buyers may be giving up.
The 30-year fixed-rate mortgage averaged 4.60% in the Aug. 9 week, according to Freddie Mac’s weekly survey, down one basis point. The 15-year fixed-rate mortgage averaged 4.05%, down from 4.08%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.90%, down three basis points. Read full article @elizabethGkilgore
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