Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit ‘lowest level’ since 2017

U.S. Long-Term Mortgage Rates Fall; 30-Year Average at 3.82 Percent. loan average running below 4% and at its lowest point since september 2017.. mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage dipped to 3.82 percent from 3.99 percent last week.

We think that the average conforming 30-year FRM as tracked by Freddie Mac won’t get much past 5.5% for the year, and probably will spend the majority of it well below this peak. At times of elevated FRMs, ARMs may get a little more play; we think that the average offered rate for conforming 5/1 ARM could make it to about 4.5% at some point.

Until then, 3% had been the lowest 10yr yield seen since the 1950’s. The apex of the panic in 2008 crushed 3% and took 10yr yields to 2.06%. As the world began emerging from shell-shock into 2009,

WASHINGTON (AP) – U.S. long-term mortgage rates fell this week. It was the seventh decline in the past nine weeks for the key 30-year, fixed-rate loan, which reached its lowest level since November 2016. mortgage buyer freddie mac says the average rate on the benchmark 30-year mortgage fell to 3.73% from 3.84% last week.

According to Freddie Mac’s June 2018 Primary Mortgage Market Survey, U.S. mortgage rates declined over the past week and have now retreated in four of the past five weeks. Sam Khater, Freddie Mac’s chief economist, says mortgage rates have settled down and stabilized these last two months.

U.S. 30-year mortgage rates hit 2-month high -Freddie Mac. The borrowing cost on 30-year mortgages, the most widely held type of U.S. home loan, averaged 4.03 percent in the week ended July 13, the highest since 4.05 percent in the May 11 week. Last week, the average 30-year rate was 3.96 percent, the mortgage finance agency said.

MCLEAN, VA–(Marketwired – Nov 9, 2017) – freddie mac (otcqb: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS ), showing average mortgage rates falling slightly across the board. News Facts. 30-year fixed-rate mortgage (FRM) averaged 3.90 percent with an average 0.4 point for the week ending November 9, 2017, down from last week when it averaged 3.94 percent.

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This is the technical explanation we’ve offered: "Lenders have moved the Best Execution 30-year. level of resistance when "Best Execution" mortgage rates seem like they should be moving lower at a.

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