30-year mortgage rates hit 2017 low: 3.88

30-year mortgage rates hit 2017 low: 3.88

15-Year Fixed Rate Mortgages Hit All-Time Low. The average fixed rate on a 15-year mortgage fell nationally to an all-time low of 3.13 percent last week, Freddie Mac reported, while a traditional 30-year mortgage rate dipped to near-record low of 3.88 percent. 30-Year Fixed a full percentage point Lower than 2011

The Mortgage Bankers Association is forecasting average 30 year mortgage rates will hit 4.40 percent by the second quarter of 2017. Looking out to the end of 2018, the MBA is forecasting average 30 year mortgage rates to hit 4.90 percent. The last time average 30 year mortgage rates were that high was in early 2011.

The average rate on a 30-year fixed rate mortgage hit a new low in the PMMS at 3.88% (0.5 point). That’s one basis point below the previous low set back on June 8th. The 15-year fixed rate mortgage and 5/1-year adjustable rate mortgages both posted numbers close to year lows.

Mortgage rates hit their lowest levels since November 2016 late last week and they’ve proceeded to set a new long-term low each day since then. Today was. MBS Commentary

On August 7, another round of selling hit the energy commodity. Crude oil fell to a low at. short-term rates. Moreover, since most borrowers finance new home purchases with a 30-year fixed.

NEW YORK, Feb 14 (Reuters) – Interest rates on U.S. 30-year, fixed-rate mortgages fell to a 12-month low in step with lower U.S. bond yields. home loans decreased by 3 basis points to 3.88 percent.

Should You Choose a Fixed or Variable? Should You Choose a Fixed or Variable? Tip: Common Indexes. The most common indexes to which the interest on adjustable-rate mortgages is pegged are the 1-Year Constant Maturity Treasury Index, the Cost of Funds Index (COFI), and the london interbank offered rate index (libor).

. Market Survey® (PMMS®), showing the 30-year fixed mortgage rate dropping to a new 2017 low. News Facts 30-year fixed-rate mortgage (FRM) averaged 3.88 percent with an average 0.5 point for the.

The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making home-buying and refinancing a bargain for those who can qualify. mortgage buyer freddie Mac said Thursday that the rate on the 30-year loan fell to 3.88 percent from 3.98 percent.

Mortgage rates dipped slightly during the week ended june 1, with the average rate for a 30-year, fixed-rate mortgage (FRM) falling to 3.94%, down from 3.95% the previous week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the 30-year FRM averaged 3.66%.

A trend reminiscent of 2017, the US has seemingly become the. In the wake of the "taper tantrum," the 30-year mortgage.

4504 Fairbairn Ave, Oakland, CA 94619 | MLS #40870450 | Zillow Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

Comments are closed.
^