“Although this week’s decline was slight, the 30-year fixed-rate mortgage trended down to its lowest level in two years,” said Sam Khater, Freddie Mac’s Chief Economist. “Given the downward trajectory of rates, refinance activity continues to pick up, creating opportunities...
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30-year mortgage rates lowest since May
The rate on a 30-year fixed mortgage dropped to 2.98 percent, falling below the 3 percent level for the first time since record-keeping began in 1971, according to mortgage investor Freddie Mac. Meanwhile, the 15-year fixed mortgage rate slid to a fresh low of 2.48 percent while a 5-yea...
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...
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...
,000 home with a 20% down payment and a 30-year fixed mortgage would have been facing a monthly payment of about $2,240, not including insurance and property taxes. Today, that monthly payment would be about $2,000. More buyers would also qualify for the loan at today’s lower rates...
Mortgage Rates Cut to Lowest Level for 37 YearsRead the full-text online article and more details about "Mortgage Rates Cut to Lowest Level for 37 Years" - Western Mail (Cardiff, Wales), September 19, 2001Western Mail (Cardiff, Wales)...
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The average rate on a 30-year mortgage eased this week to its lowest level in 15 months. That's welcome relief for home shoppers navigating a housing market that remains out of reach for many Americans.