Mortgage rates dipped significantly this week, dropping to the lowest level in more than a year,according to Freddie Mac. Rates for 30-year, fixed-rate mortgages averaged 6.47%, down from 6.73% last week. "Mortgage rates plunged this week to their lowest level in over a year following the ...
Average mortgage rates climbed this weekJosh Boak
The average rate on the benchmark 30-year fixed-rate home loan edged up to 6.43% from 6.39% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 5.10%. Higher rates can add hundreds of dollars a month in costs for homebuyers, on top of already high ...
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.
The rate fell to 6.89% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.96%. The average rate has mostly hovered around 7% this year — more than double what it was just three years ago. The elevated mortgage r...
WASHINGTON (AP) — Mortgage rates fell slightly this week, marking their third straight week below 3% amid signs of the recovering economy’s strength. Mortgage buyer Freddie Mac reported Thursday that the average for the benchmark 30-year home-loan rate eased to 2.96% from 2.98% last ...
Average mortgage rates have continued to fall since last week, with larger cuts being made across lower loan-to-value (LTV) bands (for borrowers with a larger deposit), data from a property listing firm showed. The Rightmove weekly mortgage tracker revealed the average two-year fixed m...
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also eased this week. The average rate fell to 5.96% from 6.1% last week. A year ago, it averaged 6.29%, Freddie Mac said. Mortgage rates are influenced by sev...
While the central bank doesn’t set mortgage rates, its actions and the trajectory of inflation influence the moves in the 10-year Treasury yield.Many economists and traders on Wall Street expect that the Fed will cut its main interest rate again at its policy meeting next week....
“Borrowers will be pleased to see that fixed mortgage rates fell month-on-month” (Photo: energepic.com/Pexels) Tom Dunstan 0 Average two and five- year mortgage rates fell over July, halting five months of consecutive rises, analysis from Moneyfacts has revealed. Unlimited access to our...