Mortgage rates over the last seven days followed a split path, but an important rate dropped. Average 15-year fixed mortgage rates inched upward, while average 30-year fixed mortgage rates receded slightly. For variable rates, the 5/1 adjustable-rate mortgage notched higher. As inflation surged in 2022, so too did mortgage rates. To rein in price growth,… Continue reading Current Mortgage Rates for Aug. 25, 2023: An Important Rate Eases