The average rate on a 30-year mortgage in the U.S. fell this week to its lowest level in 19 months, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week.
The average rate on a 30-year mortgage fell this week to its lowest level since early February, easing borrowing costs for prospective homebuyers facing record-high home prices.
A year ago, the rate averaged 7.63%. The last time the average rate was higher was on August 22, when it was 6.46%. Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate policy decisi...
Average 30-year mortgage rates slip to 3.95 percentJosh Boak
Find average mortgage rates for the 30 year fixed rate mortgage from a variety of sources including Mortgage News Daily, Freddie Mac, etc.
US Average Mortgage Rates Rise; 30-Year Sat 3.14% More WASHINGTON (AP) — Average long-term mortgage rate rose this week as inflation pressures, the coronavirus pandemic and some supply shortages linger. Mortgage buyer Freddie Mac reported Thursday that the average rate for a 30-year mortgage ...
Average 5yr mortgage rates above 6% The average mortgage rate for a five-year fixed deal has risen to 6.01%, according to a financial information company. Meanwhile, the average two-year fixed rate mortgage has increased to 6.47%, Moneyfacts said. ...
Mortgage rates are influenced by several factors, including the moves in the yield on U.S. 10-year Treasury bonds, which lenders use as a guide to price home loans.Advertisement: The yield, which was below 3.7% as recently as September, has mostly hovered around 4.2% this month. It was...
Rates for 15-year mortgages also took a large dive, dropping to 5.63% from 5.99%. Last year, rates were much higher, at 6.43%. "The decline in mortgage rates does increase prospective homebuyers’ purchasing power and should begin to pique their interest in making a move," Khater said. ...
The average rate on a 30-year mortgage in the U.S. eased again, slipping to its lowest level since late October.