Mortgage rates fell to an 11-month low this week. With the August nonfarm report showing weakness in the jobs sector and a slight uptick in unemployment, homebuyers could see even lower rates ahead.
Rates for a 30-year fixed mortgage dipped to 6.5 percent, well below the January high of 7.04 percent, mortgage lender Freddie Mac reported on Sept. 4 in its latest primary mortgage market survey. Rates for a 15-year fixed mortgage also tumbled to 5.6 percent, off their January high of 6.27 percent.
