Morning Minute: Mortgage interest rates head lower this week

Home Mortgage Rates

After a few weeks of gains, fixed mortgage rates reversed course this week and decreased to near 2016 lows, Freddie Mac reports this morning.

The 30-year, fixed-rate mortgage averaged 3.43 percent, down from last week’s 3.48 percent. The 15-year, fixed-rate mortgage averaged 2.74 percent, down from 2.78 percent. Read more from Freddie Mac.

In other headlines:

Buyer Traffic Continued to Outpace Supply in Many States in April–June 2016 – NAR

Luxury Home Sales Have Great Spring Season – Globe Street

What Is Affordable Housing—and Do You (Yes, You) Qualify? –

Survey: Save for 3 Years for a Down Payment – NerdWallet (via REALTOR® Magazine Daily Real Estate News)

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