---
title: "Instant Reaction: Mortgage Rates, August 29, 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292052126.md"
description: "Recent data shows that the average 30-year fixed mortgage rate, as reported by Freddie Mac on August 29, 2024, decreased to 6.35% compared to the previous week's rate of 6.46%. This decline in mortgage rates reflects a trend that may impact home financing decisions for individuals seeking to purchase or refinance properties. Jessica Lautz sheds light on the implications of these changes in the realm of mortgages and home financing."
datetime: "2026-07-08T10:06:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292052126.md)
  - [en](https://longbridge.com/en/news/292052126.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292052126.md)
generator: "portal-rs"
---

# Instant Reaction: Mortgage Rates, August 29, 2024

Recent data shows that the average 30-year fixed mortgage rate, as reported by Freddie Mac on August 29, 2024, decreased to 6.35% compared to the previous week's rate of 6.46%. This decline in mortgage rates reflects a trend that may impact home financing decisions for individuals seeking to purchase or refinance properties. Jessica Lautz sheds light on the implications of these changes in the realm of mortgages and home financing.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**