Freddie Mac: Mortgage rates drop to another 3-year low

Once again, the average U.S. rate for a 30-year fixed mortgage fell to another three-year low this week, according to the latest Freddie Mac Primary Mortgage Market Survey. According to the company’s data, the 30-year fixed-rate mortgage averaged 3.49% for the week ending Sept. 5 2019, down from last week’s rate of 3.58%. Freddie Mac Chief Economist Sam Khater said mortgage rates continued the summer swoon due to weaker economic data.