30-Year Mortgage Rates Fall to Two-Year Lows

Mortgage rates have fallen to a nine-month low, according to Freddie Mac. finance company in its most recent mortgage market survey. The average rate for a 30-year fixed-rate mortgage fell to 4.45.

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.

WASHINGTON (AP) – U.S. long-term mortgage rates fell this week to their lowest level in three months, an inducement to prospective homebuyers in a haltingly recovering market.

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This strong labor market, along with mortgage rates at three-year lows and consumer confidence holding strong, will set the stage for continued improvement in the housing market heading into the fall.

Interest rates on U.S. 30-year, fixed-rate mortgages decreased to 13-month lows in step with lower bond yields due to worries about a slowing economy, solid investor demand for debt supply and.

U.S. mortgage rates dropped for a second week, keeping borrowing costs at a four-month low as the Federal Reserve signaled that it would press on with its stimulus plan aimed at holding rates down.

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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.

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.

Mortgage. year lows, which is good news for buyers looking to purchase a home before school starts," Khater says. Freddie Mac’s latest forecast looks for mortgage rates to stay down for the rest of.

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.