30-Year Mortgage Rates Fall to Two-Year Lows

Prices are close to 10-year lows in most markets, and rates for 30-year fixed mortgages are at their cheapest ever. sales of both previously occupied homes and new homes rose near two-year highs..

30-year fixed-rate mortgage (frm) averaged 3.82 percent with an average 0.5 point for the week ending June 6, 2019, down from last week when it averaged 3.99 percent. A year ago at this time, the.

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Mortgages fall to two-year low – MarketWatch – Rates for a 30-year fixed mortgage struck 6.83 percent in October 1993, and the low rate prompted a huge wave in mortgage originations, worth at about $1 trillion that year. Mortgage rates fall to lowest level in nearly two years.

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Mortgage rates have flatlined around a two-year low, according to data from the mortgage-finance company Freddie Mac. The average rate for a 30-year fixed-rate loan has hovered around 3.75 percent.

For 30-year mortgage rates, the drop has gone from 4.5 percent one year ago to about 3.8 percent as of Thursday. The rate is close to all-time lows, and may entice refinancing activity. Special: Urgent: Three 5G Stocks to Buy ASAP; Most mortgages are eligible for refinancing, even those made as recently as 2018.

Mortgage rates sink to 3-year low, but one third of borrowers are making this big mistake. as bond yields continue to fall.. The average rate on the popular 30-year fixed mortgage hit 3.70%.

 · The average rate for a 30-year fixed mortgage dropped to 4.37 percent in the week ended today from 4.51 percent, which was the highest since July.

The decline was led by a 5 percent drop-off in purchase applications to a nearly two-year low, followed by a 3 percent. increasing prices and rising mortgage rates. The rate on the 30-year.

Mortgage rates continue their relentless decent down as average 30 year mortgage rates hit a new low for 2016. average mortgage rates moved sharply lower the past several weeks, following 10 year U.S. Treasury yields lower. Current 30 year rates are a mere 12 basis points above the all-time record low set in the fourth quarter of 2012.

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Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage eased to 4.41 percent from 4.46 percent last week.

Average U.S. rates. on the 30-year loan fell to 4.22 percent from to 4.35 percent last week. The average on the 15-year fixed mortgage dipped to 3.27 percent from 3.35 percent. Rates had spiked.