30-year, fixed-rate mortgage finishes year near record lows

The weekly mortgage rate reports released Thursday by Freddie Mac and Bankrate were mixed. But one thing was certain: the average rate for 30-year fixed-rate mortgages hit a new record low.

30-Year Mortgage Rates at Near-Record Lows. Interest rates for a 30-year fixed rate mortgage have been on the decline since November. Rates are reaching lows last seen in January 2018. Rates spiked in November 2018 to over 5%. The overall average rate for 2018 was 4.5%.

The 30 year fixed loan is one of the most popular mortgage programs. With a 30 year fixed rate mortgage you lock in today’s interest rate for thirty years. The opposite of a fixed rate mortgage is an adjustable rate mortgage (ARM). With interest rates near historic lows, locking in today’s rate is a very smart move for most people.

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Chart: 30 Year Fixed Rate Mortgage Mortgage rates nearly unchanged in holiday week: Freddie Mac. CHICAGO (MarketWatch) – Interest rates on the 30-year fixed-rate mortgage hit another low this week, averaging 3.88% in Freddie Mac’s most recent survey of conforming mortgage rates, released on Thursday. The mortgage averaged 3.89% last week and 4.74% a year ago. More from this author:

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Mortgage Rates Remain Near record lows. freddie mac pointed out that the 30-year fixed-rate mortgage has averaged below 4% every week save one this year, and its 15-year counterpart has.

Mortgage rates approaching new record lows. The recent decision by the Federal Reserve to not raise the federal funds rate could result in mortgage rates declining even more in the near term.

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NEW YORK, Nov. 23, 2012 /PRNewswire/ – Mortgage rates continue to hover near record-low territory. The average 30-year fixed mortgage rate fell one basis point over the past week to 3.53 percent, according to Bankrate.com’s (NYSE: RATE) weekly national survey.

Freddie Mac reports today that mortgage rates finished the year near record lows, helping to keep homebuyer affordability high. A 30-year fixed-rate mortgage (FRM) averaged 3.35 percent, while the 15-year frm averaged 2.65 percent.

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The 30-year fixed-rate mortgage average dropped to 3.88% in the week ending April 12 from 3.98% in the prior week, according to Freddie, a buyer of residential mortgages. The record low of 3.87%.

The average 30-year fixed-rate mortgage fell to 4.58 percent this week, the lowest rate on record, mortgage-purchaser Freddie. The group’s puchase index is hovering near 13-year lows. The number of.