--- title: Mortgage Rates Hold Steady For Second Week description: After rising a couple of weeks ago, U.S. mortgage interest rates remained flat over the past two weeks – Freddie Mac's Primary Mortgage Market Survey.  image: https://info.buyersbrokersonly.com/hs-fs/hub/213639/file-29240582.jpg --- (978) 835-5906             [![Search Icon](https://info.buyersbrokersonly.com/hs-fs/hubfs/Search%20Icon.png?width=30&height=30&name=Search%20Icon.png)](https://info.buyersbrokersonly.com/search-results-page) [![Buyers Brokers Only, LLC – Real Estate Buyer Agents](https://info.buyersbrokersonly.com/hs-fs/hubfs/2023%20BBO%20Logo%20800x170.png?width=1600&height=340&name=2023%20BBO%20Logo%20800x170.png "Buyers Brokers Only, LLC – Real Estate Buyer Agents")](https://www.buyersbrokersonly.com/) # Massachusetts Home Buyer Guide ![smaller-dotted-line.png](https://cdn2.hubspot.net/hub/298849/file-263826832-jpg/true_gray_line_websites.jpg?width=1175&name=true_gray_line_websites.jpg "smaller-dotted-line.png") ## [Mortgage Rates Hold Steady For Second Week](https://info.buyersbrokersonly.com/blog/mortgage-rates-hold-steady-for-second-week) Aug 28, 2021 9:26:29 AM After increasing a bit for the week ending August 12, 2021, U.S. mortgage interest rates have remained relatively flat over the past two weeks, according to Freddie Mac's Primary Mortgage Market Survey.  [![Couple celebrating their new home](https://info.buyersbrokersonly.com/hs-fs/hub/213639/file-29240582.jpg?width=283&name=file-29240582.jpg)](https://info.buyersbrokersonly.com/-ab-variant-857b2d48-20d3-454a-b818-6f30c9c76d61)The 30-year, fixed-rate mortgage loan averaged 2.87 percent for the week ending August 26, 2021, with an average of 0.6 points, up 1 basis point from 2.86 percent the previous week. A year ago, the 30-year note averaged 2.91 percent.   "The tug-of-war between the economic recovery and rising COVID-19 cases has left mortgage rates moving sideways over the last few weeks," Sam Khater, Freddie Mac's Chief Economist, said. "Overall, rates continue to be low, with a window of opportunity for those who did not refinance under three percent. From a home buyer perspective, purchase application demand is improving, but the major obstacle to higher home sales remains very low inventory for consumers to purchase." In Massachusetts, the number of single-family homes available in July declined 40.3 percent from 9,236 in July 2020 to 5,518 houses. The number of months supply of inventory statewide fell from 2.0 months in July 2020 to 1.1 months in July 2021, a 45 percent plunge. The 15-year, fixed-rate mortgage loan averaged 2.17 percent, with an average of 0.6 points, increased a bit from 2.16 percent the previous week. During the same week last year, the 15-year loan averaged 2.46 percent.  The five-year, adjustable-rate mortgage (ARM) averaged 2.42 percent, with an average of 0.2 points, compared to 2.43 percent the prior week, a 2.91 percent the year before.    ### Mortgage Applications Up From Previous Week   Mortgage applications to purchase a home increased from the previous week but declined on a year-over-year basis, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending August 20, 2021 The seasonally adjusted "Purchase Index" increased 3 percent from one week earlier. The unadjusted Purchase Index increased 1 percent compared with the previous week but was 16 percent lower than the same week in 2020.  [![Get Advice About First-time Home Buyer Loan Programs](https://no-cache.hubspot.com/cta/default/213639/3fd62e17-1eb1-46f2-a3fb-a40b08419ec7.png)](https://cta-redirect.hubspot.com/cta/redirect/213639/3fd62e17-1eb1-46f2-a3fb-a40b08419ec7) Topics: [Mortgage Rates & News](https://info.buyersbrokersonly.com/blog/topic/mortgage-rates-news) [![Share on Facebook](https://static.hubspot.com/final/img/common/icons/social/facebook-24x24.png)](http://www.facebook.com/share.php?u=https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmortgage-rates-hold-steady-for-second-week%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on LinkedIn](https://static.hubspot.com/final/img/common/icons/social/linkedin-24x24.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmortgage-rates-hold-steady-for-second-week%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://static.hubspot.com/final/img/common/icons/social/twitter-24x24.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmortgage-rates-hold-steady-for-second-week%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmortgage-rates-hold-steady-for-second-week%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=Mortgage%20Rates%20Hold%20Steady%20For%20Second%20Week) [![Share on Email](https://static.hubspot.com/final/img/common/icons/social/email-24x24.png)](mailto:?subject=Check%20out%20https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmortgage-rates-hold-steady-for-second-week%3Futm_medium%3Dsocial%26utm_source%3Demail%20&body=Check%20out%20https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmortgage-rates-hold-steady-for-second-week%3Futm_medium%3Dsocial%26utm_source%3Demail) ### [Blog Home](https://info.buyersbrokersonly.com/blog) ### Subscribe to this Blog ### Learn the Steps to Buying a Home in Massachusetts ### [![The Steps to Buying a Home](https://no-cache.hubspot.com/cta/default/213639/25735662-3637-4a46-8885-47ad1de2687d.png)](https://cta-redirect.hubspot.com/cta/redirect/213639/25735662-3637-4a46-8885-47ad1de2687d) ### Search Homes For Sale [![Search the latest home listings. 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