Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit ‘lowest level’ since 2017

Mortgage rates dipped slightly this week, but are on the verge of surging up as December’s rate hike looms on the horizon, according to Freddie Mac’s Primary Mortgage Market Survey.

Mortgage buyer freddie mac said Thursday the average rate on the 30-year, fixed-rate mortgage dipped to 3.82% from 3.99% last week.. loan average running below 4% and at its lowest point since September 2017.

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After more than a month of declines, mortgage rates paused their descent. data released Thursday by Freddie Mac, the 30-year fixed-rate average. The 15-year fixed-rate average dipped to 3.26 percent, with an. Friday's underwhelming jobs report sent rates skidding lower, continuing their weeks-long.

McLEAN, VA — freddie mac (nyse:fre) today released the results of its Primary Mortgage Market Survey SM (PMMS SM) in which the 30-year fixed-rate mortgage (FRM) averaged 5.71 percent, with an average 0.7 point, for the week ending May 19, 2005, down from last week when it averaged 5.77 percent.Last year at this time, the 30-year FRM averaged 6.30 percent.

WASHINGTON (AP) – U.S. long-term mortgage rates fell this week. It was the seventh decline in the past nine weeks for the key 30-year, fixed-rate loan, which reached its lowest level since November 2016. Mortgage buyer Freddie Mac says the average rate on the benchmark 30-year mortgage fell to 3.73% from 3.84% last week.

The 30-year fixed-rate mortgage average falls to a record low of 4.58% for the week ending July 1, Freddie Mac reports.

Additionally, median sales prices in November fell 7% to $302,400, the lowest since February 2017. Average. Mortgage Rates The 30-year, fixed-rate mortgage averaged 4.46% for the week ended Jan 31,

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The rates on 15-year, fixed-rate mortgages and five-year adjustable-rate mortgages hit the highest level since 2011. mortgage giant freddie Mac says the rate on 30-year, fixed-rate. rates three.

More mortgage borrowers now have incentive to refinance While refinance volume has dropped off in recent years as interest rates have inched upward, incentive to refinance has returned for some homeowners. According to the latest from Black Knight, about 550,000 more borrowers could lower their mortgage payments by refinancing, meaning that about 2.4 million borrowers can now use a refi to reduce their interest rates by 0.75%.

Mortgage rates rose in the afternoon, after beginning the day unchanged to slightly higher compared to Friday afternoon. today’s deterioration still leaves us in slightly better-than-average shape.

Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit lowest level since 2017 According to Freddie Mac, the average interest rate on a 30-year fixed-rate mortgage was 4.52% in the week ending jul 5 compared with 4.55% in the week earlier.

Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit lowest level’ since 2017 – Long-term mortgage rates took a dip this week and the news could sit well with U.S. homeowners and people considering. FHA 30-year, fixed-rate mortgage requires the payment of a mortgage insurance premium, usually for the life of the.