Mortgage rates eased lower as market volatility pushed Treasuries down.

• 30-year fixed-rate mortgages slipped to 3.84% with an average 0.6 point for the week ending Aug. 27, 2015, according to Freddie Mac’s weekly market survey. A year ago, the rate averaged 4.10%.

• 15-year fixed rates averaged 3.06% with an average 0.6 point. The same term priced at 3.25% a year ago.

• 5-year adjustable-rate mortgages priced at 2.90% with an average 0.4 point. Last year at this time the same ARM averaged 2.97%

“Events in China generated eye-catching volatility in equity markets worldwide over the past week,” Sean Becketti, chief economist for Freddie Mac, said in a release. “Given the recent volatility, mortgage rates could change up or down significantly by the time this report is released. There are indications though that the unsettled state of global markets will make the Fed think twice before taking any action on short-term interest rates in September. If that’s the case, the 30-year mortgage rate may remain subdued in the short-to-medium term, providing support for continued strength in the housing sector.”Com

The number of borrowers seeking home loans in the past week remained steady, according to the Mortgage Bankers Association. Mortgage applications increased 0.2% for the week ending Aug. 21, though refinance activity declined 1%.

Source: https://www.nerdwallet.com/blog/mortgages/mortgage-rates/mortgage-market-roundup/