Mortgage Rates August 2023

What’s Up with Mortgage Rates?

August 23, 2023 Posted by Mark Danforth Lomas Mortgage Information, Mortgage Interest Rates, Santa Barbara Real Estate

TODAY’S NATIONAL MORTGAGE INTEREST RATE TRENDS

AUGUST 23, 2023 The current average interest rate for the benchmark 30-year fixed mortgage is 7.61%, rising 6 basis points compared to this time last year. If you’re looking to refinance your current loan, the national 30-year refinance interest rate is 7.83%, rising 12 basis points compared to this time last week. With interest rates on the rise, it’s important to shop around for mortgage offers before committing to a loan.