Mortgage Rates Fall After Reaching Two-Decade High

The MReport, Sept. 1, 2023–Eric C. Peck
Mortgage rates fell this week from last week’s 21-year high, despite still topping the 7% mark, as Freddie Mac’s latest Primary Mortgage Market Survey for the week ending August 31 found the 30-year fixed-rate mortgage at 7.18%, down five basis points from last week’s average of 7.23%. (MBA mention)