30-year mortgage rates lowest since May
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Meanwhile, the 15-year fixed mortgage rate slid to a fresh low of 2.48 percent while a 5-year hybrid adjustable-rate mortgage had a rate of 3.06 percent, up slightly from last week’s reading of 3.02 percent. ROCK-BOTTOM MORTGAGE RATES CUSHION BANKS DURING CORONAVIRUS PANDEMIC The drop in...
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 ...
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The 30-year fixed rate started the week at 6.81%, so the drop in just the past five days is dramatic. The recent high was 7.52% in late April, and home sales have been falling ever since. Buyers were battling not just high interest rates, but also high home prices and a lack of ...
Today’s average mortgage interest rate dropped to 2.563% — the lowest it’s been in 16 days. Current 30-year mortgage rates The current interest rate for a 30-year fixed-rate mortgage is 3.000%. This is down from yesterday. Thirty years is the most common repayment term for mortgages ...
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Mortgage rates tumbled on Friday to their lowest since April 2023 after aweak jobs reportsent bond yields sharply lower and boosted Wall Street's expectations for an interest rate cut from the Federal Reserve at its September meeting. The average rate for a 30-year fixed mortgage dropped 0...
Today’s mortgage interest rates are well below the highest annual average rate recorded by Freddie Mac — 16.63% in 1981. A year before the COVID-19 pandemic upended economies across the world, the average interest rate for a 30-year fixed-rate mortgage for 2019 was 3.94%. The average ...