Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan declined to 3.55% this week, from 3.60% last week. By contrast, the rate stood at 4.51% a year ago.
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Freddie Mac’s latest mortgage rate survey revealed those historical lows recently. "We’re seeing a tug of war happen as the fixed income market flashes warning signs while the equities market continues to march higher with optimism," Sam Khater, Freddie Mac’s Chief Economist, said.
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The yield on the 10-year note had been been below 2.00% 5 of the 9 days prior to the much-rumored announcement, closed at a new low of 1.88% on the day of the announcement and reached the historic.
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WASHINGTON (AP) – U.S. long-term mortgage rates are close to historic lows despite a modest uptick in the averages this week, according to mortgage buyer Freddie Mac. Average 30-year mortgage rates tick up to 3.58%
Additionally, the average rate on a five-year adjustable-rate mortgage slippeAverage rates for a 30-year fixed loan inched closer to historic lows, dipping slightly from. Freddie Mac: 30-Year.
According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage in the U.S. averaged 3.64 percent.September 2019 has been the most volatile month since March, in terms of the 30-year fixed-rate mortgage, averaging a weekly movement of 11 basis points.
On Thursday, Sept. 5, Freddie Mac reports on this week’s average U.S. mortgage rates. photo: steven senne, AP Long-term mortgage rates dip; 30-year at 3-year low of 3.49%
While mortgage rates ticked up last week, they’ll likely dip again in the near future. chief economist at Freddie Mac,
Today, current mortgage rates remain at historic lows around 4% – with over 63% of homeowners with mortgages paying interest rates between 3% and 4.9%, according to the Census Bureau. As of June 2017, interest rates for new 30-year mortgages were as low as 3.89%.
Share on Facebook Share on Twitter WASHINGTON – Average U.S. rates on fixed mortgages fell sharply this week and moved closer to historic lows, keeping home-buying and refinancing attractive..
How low will fixed-rate mortgages go?. I point to the Freddie Mac 30-year mortgage rate averages that started Aug. 1 at 3.75%.. House passes historic marijuana banking bill with backing from.