Mortgage rates hit a five-week low

Interest Rate Trends. Three month, one year, three year and long-term trends of national average mortgage rates on 30-, 15-year fixed, 1-year (CMT-indexed) and 5/1 combined adjustable rate mortgages;historical performance of the National Average Contract Mortgage Rate.

HUD, the parent of FHA, has announced that they will be lowering the annual fha mortgage insurance premium from 1.35% to 0.85% effective January 26, 2015. This is a huge savings for FHA loan borrowers on a 30 year fixed rate FHA mortgage loan. Related> Mortgage rates hit 18 month low. Related> Mortgage rates drops to 19 month low

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At 4.32%, the second week of February 2018 was the last time rates were this low. This can be seen in the chart below. Freddie Mac’s Chief Economist, Sam Khater, had this to say: "Mortgage rates fell for the third consecutive week, continuing the general downward trend that began late last year.

 · The average rate on a five-year treasury-indexed hybrid adjustable-rate mortgage actually ticked up slightly month-over-month, from 3.66 percent to 3.68 percent, but was still down from last year.

Mortgage rates continue to move lower, defying predictions of higher mortgage rates in 2017. In fact, mortgage rates today just hit a new low for 2017 and are only about 50 basis points above an all-time low set in 2013. Conforming 30 year mortgage rates hit a low of 3.76 percent today, down from last week’s average of 3.81 percent.

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 · The average 30-year fixed rate mortgage has dropped to 4.34% from 4.4%, taking it to a 52-week low, according to Mortgage News Daily. That could be the shot in.

Mortgage Rates Hit 52-Week Low After Fed Meeting.. The new rate is significantly lower than the 5.05% rates hit last October, which was the highest level for a home loan since February 2011. As.

Mortgage rates this week jumped to their highest level since 2011, signaling a shift from a period of ultracheap loans to a higher-rate environment that could slow home price appreciation and squeeze.

Mortgage Rates Hit 7-Month Low Fixed mortgage rates have fallen for a fifth consecutive week, reaching their lowest levels in seven months, according to today’s Freddie Mac weekly rate survey. Average interest rates on 30-year fixed-rate mortgages edged down to 4.12 percent this week, while the average on 15-year fixed-rate loans dropped to 3.