Mortgage Rates Fall Slightly in Sept.

Mortgage rates moved lower after two straight weeks of increases, which should allow the housing market to remain strong as we shift into the typically slower fall months.

The 30-year fixed-rate mortgage averaged 3.64% during the week ending Sept. 26, falling nine basis points from the previous week, Freddie Mac reported Thursday. In 2019, mortgage rates have increased only 11 times on a weekly basis.

The 15-year fixed-rate mortgage dropped five basis points to an average of 3.16%, according to Freddie Mac. The 5/1 adjustable-rate mortgage averaged 3.38%, down 11 basis points.

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