30-Year Mortgage Rates Fall to Two-Year Lows

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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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30 year mortgage rates matched an all time low of 4.78 percent for the week ending November 25, 2009 according to the latest Primary Mortgage Market Survey released by freddie mac. 30 year mortgage rates haven’t been as low since the April 30, 2009 mortgage survey. Average mortgage discount points were 0.7 points.

There are many different kinds of mortgages that homeowners can decide on which will have varying interest rates and monthly payments. Historically, the 30-year mortgage rate reached upwards of 18.6% in 1981 and went as low as 3.3% in 2012. US 30 Year Mortgage Rate is at 3.55%, compared to 3.60% last week and 4.53% last year.

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. U.S. mortgage rates fell to a four-month low after a weaker-than-expected jobs report drove investors to the safety of the government bonds that guide borrowing costs.

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.

The average 30-year fixed mortgage rate fell to 3.79%, down 6 basis points from 3.85% a week ago. 15-year fixed mortgage rates fell 4 basis points to 3.13% from 3.17% a week ago.

While the average rate for a 30-year mortgage was unchanged over the past week, holding near a two-year low of 3.82 percent, Freddie Mac’s latest Mortgage Market Survey was conducted prior to yesterday’s meeting of the Federal Reserve, after which the yield on the 10-year Treasury, which drives mortgage rates, dropped under 2 percent for the first time since the fourth quarter of 2016 and is down over one full percentage point since the fourth quarter of last year.

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Interest rates on U.S. 30-year, fixed-rate mortgages fell to a 10-month low in step with lower U.S. bond yields, prompted by concerns about weakening domestic growth and the Federal Reserve.

WASHINGTON (AP) – U.S. long-term mortgage rates fell this week to a 10-month low, spurring on potential homebuyers for the upcoming season. US mortgage rates fall to 10-month low; 30-year.