Fixed Mortgage Rates are Back Down to February Lows after Sharp Decline in Bond Yields and Removal of Unpopular Refinance Fee

Washington Post, July 22, 2021–Kathy Orton
Plummeting bond yields and the dismissal of an unpopular refinance surcharge drove fixed mortgage rates down to February lows. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dropped to 2.78 percent with an average 0.7 point. (MBA mention)