Refinance News

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

Mortgage agency Freddie Mac says average 30-year mortgage rates hit 3.82% in June, the lowest level in nearly two years. This is one of the best times in history to refinance, but will rates stay low?

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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Mortgage rates have steadily declined with the 30-year fixed-rate bottoming out to 3.82 percent, its lowest level since September 2017, according to the latest figures from Freddie Mac. Continue.

Mortgage buyer Freddie Mac says the average rate on 30-year fixed-rate mortgages slipped to 4.52 percent from 4.53 percent last week. Despite the decline in recent weeks, long-term loan rates have been running at their highest levels in seven years. The average benchmark 30-year rate reached a high this year of 4.66 percent on May 24.

mortgage rates dipped for the week ending Jul 5 to the lowest level since mid-April, renewing hope for would-be homebuyers. Notably, the cost of borrowing fell in five of the past six weeks. According.

The average fee on both 30- and 15-year fixed-rate mortgages was 0.5 point, according to Freddie Mac. Advertisement The average rate for five-year adjustable-rate mortgages fell to 3.52% from 3.60.

Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit lowest level’ since 2017 – The 30-year figure, which stood at 3.99 percent. as there was an increase this week of people who opted to refinance their.

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what is a 30 year fixed mortgage rates 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.

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30-year fixed mortgage rate rose to 4.61% this week, matching the highest level since May 19, 2011, says Freddie Mac Chief Economist Sam Khater."While this year’s higher mortgage rates have not.

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. The 15-year fixed-rate mortgage averaged 3.99%, down five basis points, while the five-year adjustable-rate mortgage was 3.74%, down from 3.87%.

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