Fixed-Rate Loans Drop to Lowest Level Since December 1999

Thursday, August 10, 2000 - 1:45am

Fixed-rate loans dropped this week to the lowest level since December 1999, Freddie Mac reported Aug. 10. The average rate for 30-year fixed-rate mortgages was at 8.04 percent and has been steadily decreasing in the last three weeks. In addition, the average rate for 15-year mortgages also fell to from last year’s 7.88 percent to 7.75 percent this week.