Fixed-rate mortgages more affordable

Rates for 30-year fixed-rate mortgages averaged 6.4 percent with an average 0.6 point for the week ending Aug. 21, down from 6.47 percent a week ago and 6.67 percent a year ago, Freddie Mac said in its weekly Primary Mortgage Market Survey.

The 15-year fixed-rate mortgage averaged 5.93 percent with an average 0.6 point, down from 6.00 percent a week ago and 6.12 percent this time last year.

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