After plunging last week, U.S. mortgage rates head steady at a level not seen since November 2016, according to Freddie Mac.
The 30-year fixed mortgage averaged 3.6 percent for the week ending Aug. 15, the same as last week. A year ago, mortgage rates stood at 4.53 percent.
Low mortgage rates help propel U.S. home sales and the refinance market.
“The sound and fury of the financial markets continue to warn of an impending recession, however, the silver lining is mortgage demand reached a three-year…
