Interest rates on U.S. 30-year fixed-rate mortgages fell below 4% for the first time since January 2018 in step with declining U.S. bond yields due to growing trade tension between China and the.
According to Freddie Mac, the 30-year fixed rate mortgage declined to 3.99%, and 3.46% for a fifteen-year fixed rate, both with an average half a point. This is the first time rates have dropped below.
Even with the 30-year average mortgage rate below 4%, home sales slowed in the first five months of the year. Freddie Mac surveys lenders across the country between Monday and Wednesday each week to.
Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year, fixed-rate mortgage fell to 3.99% from 4.06% last week. It was the first time it ran below 4% since January 2018. By contrast, a year ago the benchmark rate stood at 4.56%. The average rate for 15-year, fixed-rate home loans declined this week to 3.46% from 3.51%.
. year fixed-rate mortgage rate dropped below 4% for the first time since January 2018 this past week. For the week ended May 30, the average rate for a 30-year was 3.99%, down from 4.06% the.
Freddie Mac: 3 reasons lending will hit lows not seen since 2000 Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest primary mortgage market survey, rates came in at 4.12% last week! This is great news for anyone who is planning on buying a home this spring! Freddie.
Opinions, estimates, forecasts and other views contained in this document are those of Freddie Mac’s Economic & Housing Research group, do not necessarily represent the views of Freddie Mac or its management, should not be construed as indicating Freddie Mac’s business prospects or expected results, and are subject to change without notice.
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In response, the 30-year mortgage rate climbed 6 basis points to 3.82%, marking 12 consecutive weeks below 4%," said Sean Becketti, chief economist with Freddie Mac.
Mortgage rates barely moved from last week, with rates once again coming in below 4%, the latest Freddie MacPrimary Mortgage Market Survey found. The 30-year, fixed-rate mortgage averaged 3.93% for the week ended Aug. 20, down from 3.94% a week ago. Last year, it sat at 4.10%.
The average 30-year fixed mortgage averaged 3.96 percent for the week ending Dec. 17. The average 30-year fixed mortgage averaged 3.96 percent for the week ending Dec. 17.
Thirty-year mortgage rates averaged 3.99% in the week ended May 30, down from 4.06% a week earlier and 4.56% a year ago, the mortgage finance agency said. U.S. 30-year mortgage rates fall below 4%.
The mortgage company’s March outlook calls for 30-year fixed-rate mortgages to stay below 4% throughout the year. Commenting on the numbers, Freddie Mac Vice President and Chief Economist Frank.