falling to new yearly lows as the 30-year fixed-rate mortgage hit its lowest level since June 20, 2013. This was also the last time the 30-year FRM averaged below 4%, according to Freddie Mac’s latest.
Mortgage rates hit a new low for the year Not only has gas gotten cheaper, so have mortgages. The average rate for a 30-year fixed-rate loan now stands at 3.8%, a rate not seen since May 2013, according to Freddie Mac.
Mortgage rates continue to hover below 4 percent this week, but are up slightly from last week’s 19-month-low, Freddie Mac said Thursday. Rates on a 30-year fixed-rate mortgage averaged 3.93 percent with an average 0.5 point this week, up from last week’s 3.89 percent but still lower than a year.
FHFA, RBS reach nearly $99.5 million MBS settlement RBS rose Wednesday after saying it has reached a settlement with the Federal Housing Finance Agency over allegations of fraudulent conduct in the financial crisis sale of mortgage backed securities.
Mortgage rates fell again on Friday as lenders finally saw recent bond market gains stabilize enough to act on. In other words, lenders don’t always keep their mortgage rate offerings moving in.
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Mortgage rates fall; 30-year fixed at 3.75%, Freddie Mac says. loans have remained below 4% since late November, remarkably low by historical standards .. credit card interest rates hit a 25-year high. 50 minutes ago.
· Interest rates on U.S. 30-year, fixed-rate mortgages fell to a 10-month low in step with lower U.S. bond yields, prompted by concerns about weakening domestic growth.
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. unchanged from last week when it hit a record low, according to Freddie Mac’s weekly survey of conforming mortgage rates.
Freddie Mac began tracking interest rates for the 30-year mortgage in 1971. The 15-year fixed-rate mortgage also hit a 19-year record low 4.03 percent average interest rate, down from 4.06 percent last week and 4.68 percent last year at this time.
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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates hitting new lows for the year as 10-year bond yields briefly dipped below two.
Monday Morning Cup of Coffee: Low-down loans coming back Monday Morning Cup of Coffee takes a look at news coming across HousingWire’s weekend desk, with more coverage to come on larger issues. Ocwen Financial tried a novel tactic when it decided to fight.
Mortgage rates hit a new low in 2017 for the second consecutive. falling one basis point to 3.94% and once again hitting a new 2017 low,” Freddie Mac Chief Economist Sean Becketti said. The 30-year.
Freddie Mac, a government-run corporation that buys home mortgages and packages them into mortgage-backed securities, said.