The series trails interest-rate trends both because of the processing time and the fact that the rate on a loan closed often reflects a rate commitment made two or three months earlier. Up-to-date information on this series is available on a recorded message on (202) 408-2940. Looking for Current Mortgage Rates too? ERATE rate charts update daily.
Both the 10-year yield and mortgage rates touched 2017 lows this week, meaning that they have a long ways to climb before they get anywhere close to 2017 highs. The Freddie Mac Primary Mortgage Market on Thursday (which collected its data right before the bond sell-off) had the average rate on a 30-year fixed rate mortgage (0.5 point) at 3.88%.
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The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making home-buying and refinancing a bargain for those who can qualify. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan fell to 3.88 percent from 3.98 percent.
30-year fixed-rate mortgage (FRM) averaged 3.88 percent with an average 0.5 point for the week ending June 29, 2017, down from last week when it averaged 3.90 percent. A year ago at this time, the 30-year frm averaged 3.48 percent.
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news facts. 30-year fixed-rate mortgage (frm) averaged 3.88 percent with an average 0.5 point for the week ending June 29, 2017, down from last week when it averaged 3.90 percent. 30 Year Conforming Mortgage Rates Hit New Low for 2017 Mortgage rates continue to move lower, defying predictions of higher mortgage rates in 2017.
NEW YORK, Feb 14 (Reuters) – Interest rates on U.S. 30-year, fixed-rate mortgages fell to a 12-month low in step with lower U.S. bond yields on signs of slowing economic growth and the view.
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Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year fixed mortgage dipped to 3.88 percent this week, down from the old record of 3.89 percent one week ago.
Conforming 30 year mortgage rates hit a low of 3.76 percent today, down from last week’s average of 3.81 percent. The latest catalyst driving mortgage rates lower was a weak May jobs report showing job creation of only 138,000 jobs, less than the expected number of 185,000.
30-year fixed-rate mortgage (FRM) averaged 3.88 percent with an average 0.5 point for the week ending June 29, 2017, down from last week when it averaged 3.90 percent. A year ago at this time, the.