The Origination Insight Report that Ellie Mae puts out reported 30-yr mortgage rates closed in August, on average, closed at 4.07%. This is the 8th consecutive month for the drop in 30-yr rates. July’s average is 4.18%
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• 30-year (FRM) rates at 3.79% (+0.02%)
• 15-year (FRM) rates at 3.45% (0.00%)
• FHA 30-year Fixed rates at 3.42% (-0.01%)
• Jumbo 30-year Fixed rates at 3.81% (+0.01%)
• 5/1 ARM rates at 3.43% (-0.02%)
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