Mortgage Rates Plunge to Their Lowest Levels in 33 Months

Washington Post, Aug. 8, 2019–Kathy Orton
Driven down by worries about a trade war with China, mortgage rates have sunk to multiyear lows, which caused mortgage applications to pick up. According to the latest data from the Mortgage Bankers Association, the market composite index–a measure of total loan application volume–increased 5.3 percent from a week earlier.