This Was The Worst Week for Mortgage Rates in 3 Years–And it May Be Just The Beginning
CBNC, Sept. 13, 2019–Diana Olick
Bad news for borrowers–the average 30-year fixed-rate mortgage is now 20 basis points higher than it was on Monday and 36 basis points higher than its last low on Sept. 4. Mortgage applications to refinance a home loan were essentially flat last week, despite the low rates, according to the Mortgage Bankers Association.
