Current market rates
Posted by ft Editorial Staff | Aug 7, 2020 | Charts, Economic Factors, Interest Rates, Latest Articles, Market Watch | 22 The average 30-year fixed rate mortgage (FRM) rate decreased again in the week ending August 7, 2020, now at 2.88%. The 15-year FRM rate also decreased to 2.44%. FRM rates have descended to historic lows due to efforts to stimulate lending during today’s unstable economic times. Beginning in March, the Federal Reserve (the Fed) dropped their benchmark inte