30-Year Mortgage Rates Fall to Two-Year Lows
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U.S. mortgage rates fell, reducing borrowing costs for homebuyers after the 30-year average jumped to a two-year high last week. While the 30-year average has climbed from a near-record low of 3.35.
· The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. The average fee on 30-year fixed-rate mortgages was unchanged this week at 0.5 point. The fee on 15-year mortgages rose to 0.5 point from 0.4 point.
Average 30 year mortgage rates today are at 4.22 percent, an increase from last week’s average 30 year mortgage rate of 4.15 percent. Before the end of 2013, average 30 year mortgage rates will fall below 4.00 percent on average but right now there are many lenders quoting 30 year rates below 4.00 percent.
The 30-year fixed-rate mortgage averaged 3.82% for the week ending June 6, 2019, down 17 basis points from 3.99% in the previous week, according to Freddie
WASHINGTON (AP) – U.S. long-term mortgage rates fell this week to a 10-month low, spurring on potential homebuyers for the upcoming season. Mortgage applications in the previous week’s buyer Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage eased to 4.41 percent from 4.46 percent last week in the housing market.
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· 30-year mortgage rates have been falling since early February, and fell to a six-month last week of 4.63%, the lowest level since early December last year . If rising inflationary pressures are building up in the economy, wouldn’t we expect rising, not falling , 30-year mortgage rates?
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The decline was led by a 5 percent drop-off in purchase applications to a nearly two-year low, followed by a 3 percent. increasing prices and rising mortgage rates. The rate on the 30-year.
Mortgage rates have currently dropped to a two year low..with average rates on 30-year fixed averaging approx 3.8% and 15-year fixed mortgages dropping.
WASHINGTON (AP) – U.S. long-term mortgage rates fell this week to a 10-month low, spurring on potential homebuyers for the upcoming season.Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage eased to 4.41 percent from 4.46 percent last week.
Freddie Mac’s Primary Mortgage Market Survey®, out Thursday, reported that the 30-year fixed-rate mortgage. getting a single additional mortgage rate quote, a borrower can save an average of $1,500.
On Thursday, Dec. 13, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Keith Srakocic, File) US mortgage rates fall to 3-month low; 30-year at 4.63 pct.