Mortgage Rate Articles

Mortgage rates drop to 16-month low

Mortgage rates have been drifting downward since the end of 2018, and have now reached a 16-month low.

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Mortgage Rates Drop To 16-Month Low October 23, 2014 As we expected , the average rate for a conforming 30-year fixed-rate mortgage dropped to its lowest point in over a year, down from 3.97 percent to 3.92 percent over the past week and versus 4.13 percent at the same time last year.

The latest mortgage-rate drop comes after the 10-year Treasury yield hit its own 16-month low of 1.865% last week. It’s a second straight week of a sub-4% average 30-year mortgage yield, and it.

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It’s more affordable to buy a house today as mortgage rates have dropped to a 16-month low. According to Freddie Mac, the 30-year fixed rate mortgage declined to 3.99%, and 3.46% for a fifteen-year fixed rate, both with an average half a point.

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Freddie Mac’s report showed that the 30-year fixed-rate mortgage averaged 4.06% in the last week, a massive drop of 22 basis points from the. To repeat, mortgage rates haven’t been this low in well.

Lower mortgages bring more home buyers: Redfin CEO Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its 52-week low. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage.

According to Freddie Mac, the 30-year fixed rate mortgage declined to 3.99%, and 3.46% for a fifteen-year fixed rate, both with an average half a point. This is the first time rates have dropped.

The interest rate for a 30-year, fixed-rate mortgage continued its decline last week, falling further below 4% last week and also falling to a 16-month low, according to a new report from Zillow .

 · It’s more affordable to buy a house today as mortgage rates have dropped to a 16-month low. According to Freddie Mac, the 30-year fixed rate mortgage declined to 3.99%, and 3.46% for a fifteen-year fixed rate, both with an average half a point. This is the first time rates have dropped below 4% since January 2018.

Mortgage rates at 16-month low. Yahoo Finance Video. May 31, 2019. It’s more affordable to buy a house today as mortgage rates have dropped to a 16-month low. Reblog. Share. Tweet. Share.

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