interestRates

Weekly Mortgage Rate Update

By: FreeValues Staff, August 4, 2016

According to the most recent weekly survey conducted by the Mortgage Bankers Association, mortgage rates decreased when compared to the previous week.

MBA Stats1 080316

Overall, mortgage applications decreased 3.5% from the previous week. Below is a breakdown of the weekly changes, per the Mortgage Bankers Association:

MBA Stats2 080316

Headquartered in Washington, D.C., the Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry. Since 1990, it has conducted a weekly survey which covers over 75 percent of all U.S. retail residential mortgage applications. The respondents include mortgage bankers, commercial banks and thrifts. To check mortgage rates in your area, click here.