If you want to know more about Mortgage Rates Dip Slightly As Builder Confidence Wanes: Latest Updates, then this blog is for you.  According to Freddie Mac, the average mortgage rate for a fixed 30-year term this week was 5.13%. Despite a small drop in interest rates, borrowing costs for fixed-rate and adjustable-rate mortgages are still significantly higher than they were at this time last year. As of August 18, these are the current mortgage interest rates: — 30-year fixed: 5.13% with 0.8 point (up from 2.86% a year ago, but down from 5.22% last week).

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