MReferral: August MReferral Mortgage Rate Index (MMI) reported 3.12%, a 14-month low.

Zhito Finance APP has learned that the latest data from the mReferral Mortgage Brokerage Research Department shows that the mReferral Mortgage Rate Index (MMI) for August was 3.12%, down 5 basis points month-on-month, hitting a 14-month low, reflecting a general decline in the actual mortgage rate levels of new mortgage customers in the market. Cao Deming, Chief Vice President of mReferral Mortgage Brokerage, said that in August, 30% of customers chose the 2.73% fixed-rate mortgage plan from major banks, causing the MMI to fall to a low of more than a year.