fixed-rate mortgages fell to a 12-month low in step with lower U.S. bond yields on signs of slowing economic growth and the view inflation would remain muted, Freddie mac data released on Thursday.
Rates on the 15-year fixed mortgage, which is popular among those looking to refinance, fell to 2.97% – the first time it has dropped below 3% since Freddie Mac began tracking the weekly data. Down from 3.74% a year ago, the new 15-year rate would lower borrowing costs to $689 a month for every $100,000 borrowed, a $37 savings compared to.
U.S. 30-year mortgage rates hit 3-month low – Freddie Mac. 1 min read.. interest rates on U.S. 30-year, fixed-rate mortgages decreased to their lowest levels since mid-September in line with.
Rates. lows, in line with the broader bond market, even as all eyes are trained on the housing market for signs of how the crucial spring selling season will shape up. The 30-year, fixed-rate.
Mortgage interest rates hit lows for the year.. The rate on the popular 30-year fixed-rate mortgage (FRM) fell to 3.78 percent earlier this month, according to Freddie Mac’s Primary Mortgage.
The average 30-year fixed loan rate tumbled to 4.69% this week, down from 4.75% last week, Freddie Mac reported. These are the lowest rates since the mortgage giant began keeping records in 1971 and.
Rates on the 30-year fixed-rate mortgage were at their lowest in 50 years for the week ending Aug. 18, averaging 4.15%, according to Freddie Mac’s weekly survey of conforming mortgage rates.
The average 30-year fixed rate mortgage fell this week from 3.72% to 3.65%, its lowest point in 10 months, according to mortgage buyer Freddie Mac. Despite the Federal Reserve’s decision to raise.
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The rate for a 30-year fixed mortgage sunk to 4.09 percent, while a 15-year fixed rate now sits at 3.30 percent – both numbers signifying record lows since Freddie Mac began tracking the rates in 1971. These rates are in their second consecutive week of such declines. Experts cite.
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Interest rates on U.S. 30-year and 15-year fixed-rate mortgages decreased to their lowest levels in 16 months in step with lower U.S. bond yields amid worries about trade tension between China and.