Mortgage rates returned to sub-3% levels to sit just above an all-time low 2.98% from back in the week ending 16th July.

The 6th weekly decline in 7-weeks saw 30-year fixed rates fall by 2 basis points to 2.99% in the week ending 30th July. In the previous week, 30-year fixed rates had risen by 3 basis points to 3.01%.

Compared to this time last year, 30-year fixed rates were down by 76 basis points.

30-year fixed rates were also down by 195 basis points since November 2018’s most recent peak of 4.94%.

Economic Data from the Week

Economic data was on the busier side through the 1st half of the week.

Key stats included June durable and core durable goods

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