On Friday, August 02, 2024, the national average 30-year fixed mortgage APR is 6.82%. The average 15-year fixed mortgage APR is 6.29%, according to Bankrate's latest survey of the nation's largest mortgage lenders.
According to historical data, the average 30-year fixed mortgage rate on August 2nd, 2020 was around 3.07%. This rate was reported by Freddie Mac, a leading mortgage market data provider.
Voters, what changed?
I just locked 5.75 by purchasing half a point.
No brainer purchase.
Moving to Reno.
“...Voters, what changed?...”
Here’s a clue: 20 million illegal aliens pouring across the USA and the $8 trillion of fiat money printed out of thin air to support them (causing massive inflation and currency depreciation).