Mortgage rates fall below 3 percent

Freddie Mac, the federally chartered mortgage investor, aggregates rates from around 80 lenders across the country to come up with weekly national average mortgage rates. It uses rates for high-quality borrowers who tend to have strong credit scores and large down payments. These rates are not available to every borrower.

The 15-year fixed-rate average slid to 2.51 percent with an average 0.7 point. It was 2.54 percent a week ago and 3.20 percent a year ago. The five-year adjustable rate average fell to 2.94 percent with an average 0.4 point. It was 3.09 percent a week ago and 3.46 percent a year ago.

https://www.washingtonpost.com/business/2020/07/30/mortgage-rates-fall-below-3-percent-again/