Weekly Mortgage Rates Plunge After Bad Jobs Report

Weekly Mortgage Rates Plunge After Bad Jobs Report

Mortgage rates fell to their lowest levels since March because job growth has been surprisingly weak this summer.

The 30-year fixed-rate mortgage averaged 6.7% in the week ending Aug. 7, down from 6.87% the previous week. It's the lowest average rate since the week ending March 13, when it was 6.62%.

Recommended for you