Rates on 30-year fixed-rate mortgages dropped to their lowest level since the end of June, amid speculation that the Fed would delay winding down its stimulus program.
The current figure is the lowest level for the 30-year mortgage since September 2017, and the weekly move was a sharp drop.
Homeowners are taking advantage of lower interest rates, rushing to refinance their mortgages before rates potentially turn higher again.
Home buyers take note: long-term mortgage rates are now at their lowest level in more than two years. On Thursday, Freddie Mac reported 3.73 percent with an average 0.5 point as the average for a 30-year mortgage, down 11 basis points from last week. long-term rates last dropped to this level in November 2016.
Interest rates on U.S. 30-year fixed-rate mortgages fell below 4% for the first time since January 2018 in step with declining U.S. bond yields due to growing trade tension between China and the.
(Bloomberg) — Thirty-year mortgage rates have fallen this week to their lowest levels since late 2016, handing cheaper borrowing costs to homeowners and greater risks to the money managers that.
The number of homes repossessed by banks fell 29 percent last year to the lowest level since 2006, a year before the subprime mortgage crisis erupted, according to data released Thursday by.
Mortgage rates are at the lowest in more than a year, with the 30-year fixed rate now averaging 4.28%. This is according to weekly data compiled by Freddie Mac. The last time rates were this low was.
Mortgage Rates Fall To The Lowest Level Since June 2013 – For fourth consecutive week, mortgage rates took a dip, as the 30-Year Fixed rates touched the lowest levels since June of last year. 15-Year Fixed rates touched the lowest levels since October 2013. The continued decline in mortgage rates is being attributed to less than stellar economic reports.
reported that the 30-year fixed-rate mortgage rate fell to 3.82%, the sixth consecutive weekly decline and its lowest level since September 2017. “While the drop in mortgage rates is a good.
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The benchmark 30-year fixed mortgage rate fell again this week to 3.94 percent from 3.99 percent a week ago, according to Bankrate’s latest survey of the nation’s largest mortgage lenders. The.