Average US 30-year mortgage rate falls to 3.89 percent. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year fixed-rate home loans dropped to 3.89 percent from 3.94 percent last.
WASHINGTON (MarketWatch) — The average rate for a 30-year fixed-rate mortgage fell to 4.12% in the week that ended Oct. 9, hitting the lowest rate in a month, from the prior week’s reading of 4.19%, according to a Thursday report from federally controlled mortgage-buyer Freddie Mac FMCC, +11.45% "Fixed mortgage rates were down on a week filled with.
A year ago, the 30-year rate was at 4.13%. A record low of 3.31% for the 30-year mortgage was reached in November 2012. The average rate for the 15-year fixed-rate mortgage fell to 3.21% in the.
Freddie Mac began a weekly mortgage rate survey in 1971. This week the survey reports that national average interest rates for a 30 year mortgage have fallen to the lowest rate since the survey began – 4.96%. A year ago that same loan averaged 5.69% . The Mortgage Bankers Association is reporting an even lower [.]
Average US 30-year mortgage rates fall to 4.52 percent. Despite the recent declines, long-term loan rates remain near their highest levels in seven years. The average 30-year mortgage rate reached a high this year of 4.66 percent on May 24; the 15-year rate hit 4.15 percent that day. To calculate average mortgage rates,
Average US rate on 30-year mortgage falls. US mortgage giant Freddie Mac says the national average for a 30-year fixed-rate mortgage declined to 3.78 per cent from 3.86 percent last week.
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Average US 30-year mortgage rate falls to 4.12 percent. Mortgage buyer Freddie Mac said Thursday the rate on 30-year fixed-rate loans eased to an average 4.12 percent from 4.20 percent last week. That was still sharply higher than a 30-year rate that averaged 3.65 percent for all of 2016, the lowest level recorded from records going back to 1971. A year ago, the benchmark rate stood at 3.92 percent.
Average US 30-year mortgage rate falls to 3.89 percent.. The average fee for a 30-year mortgage was unchanged this week at 0.5 point. The fee on 15-year loans also head steady at 0.5 point.
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The 30-year fixed-rate loan is the most common term in the United States, but as the economy has went through more frequent booms & busts this century it can make sense to purchase a smaller home with a 15-year mortgage. If a home buyer opts for a 30-year loan, most of their early payments will go toward interest on the loan.