Freddie Mac: Mortgage rates once again drop to new yearly lows

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Mortgage rates are at their low point for the year. News Facts 30-year fixed-rate mortgage (FRM) averaged 3.57 percent with an average 0.5 point for the week ending May 12, 2016, down from last week when it averaged 3.61 percent.

"Once we knew we could get the 3.5, that was our green light." Mortgage interest rates have remained low for so long, lenders and borrowers alike have been expecting rates would only creep higher..

Fixed mortgage rates hit new lows once again. One year ago, the average for a 15-year FRM was 3.82 percent. Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARM) averaged 2.81 percent this week, down from last week’s average of 2.85 percent. A year ago, the 5-year ARM averaged 3.41 percent.

Fixed-rate mortgages dropped to record lows again this week, with lenders offering the 30-year loan at an average of 3.62%, according to housing finance giant Freddie Mac. That was down from the.

Mortgage rates plummet to three-year lows. On Thursday, June 9, 2016, Freddie Mac reports on the week’s average U.S. mortgage rates.. "Wednesday’s Fed decision to once again stand pat on.

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experiencing the greatest weekly drop in months. “This marks the greatest week-over-week decline for the 30-year mortgage rate in over two months, a stark contrast from last week’s jump following the.

Mortgage rates were just slightly. can vary–and tends to predict Freddie Mac’s weekly survey with high accuracy. It’s safe to assume that our best-ex rate is the more timely and accurate of the.

While the average rate for a 30-year mortgage was unchanged over the past week, holding near a two-year low of 3.82 percent, Freddie Mac’s latest Mortgage Market Survey was conducted prior to yesterday’s meeting of the Federal Reserve, after which the yield on the 10-year Treasury, which drives mortgage rates, dropped under 2 percent for […]

Mortgage rates dropped convincingly today, bringing them to new long-term lows.The average lender hasn’t offered anything lower for more than a year (January 2018). The improvement came on a.

For the second straight week, the 30-year fixed rate mortgage fell to a new, all-time low nationwide. According to Freddie Mac’s weekly mortgage rate survey, the average 30-year fixed rate mortgage rate dropped 1 basis point to 3.83% this week for borrowers willing to pay 0.7 discount points plus a full set of closing costs.