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

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

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.

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

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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.

WASHINGTON (MarketWatch) — The 30-year fixed-rate mortgage average fell to a record low of 4.58% for the week ending July 1, Freddie Mac reported Thursday. In the prior week, the average was 4.69.

Mortgage rates fell to their lowest level since early 2018, according to the latest freddie mac primary Mortgage Market Survey.. and the average rate on a 30-year fixed-rate mortgage is now the lowest in a year.. Mortgage buyer Freddie Mac says the average rate on the benchmark 30-year.

 · WASHINGTON (AP) – Long-term U.S. mortgage rates jumped this week, marking their highest levels in seven years amid the peak home buying season. The benchmark 30-year rate pushed toward the significant 5 percent level. mortgage buyer freddie mac says the average rate on 30-year, fixed-rate mortgages was 4.61 percent, up from 4.55 percent last week.

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Underscoring this, rates on 15-year fixed-rate mortgages reached a new record low, averaging 4.2% — the lowest level since Freddie Mac began tracking the mortgage in 1991 — down from 4.21% in.

 · 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.

 · Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year mortgage increased to 3.81% from 3.75% last week.. – U.S. long-term mortgage rates.

 · Freddie Mac News Facts. 30-year fixed-rate mortgage (FRM) averaged 3.78 percent with an average 0.5 point for the week ending September 7, 2017, down from last week when it averaged 3.82 percent. A year ago at this time, the 30-year FRM averaged 3.44 percent.

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