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

WASHINGTON (AP) – U.S. long-term mortgage rates remained near historically low levels this week against a backdrop of volatile financial markets around the globe. Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year loan was unchanged at 3.60%, its lowest level since November 2016. A year ago the rate stood at 4.53%.

According to Freddie Mac’s latest Primary Mortgage Market Survey, the U.S. 30-year fixed mortgage rate dropped to a year-to-date low for the third consecutive week in 2017. Sean Becketti, chief economist of Freddie Mac says, "The 10-year Treasury yield fell 9 basis points this week, reaching a new 2017-low for a second consecutive week.

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Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit ‘lowest level’ since 2017 By elizabeth zwirz published june 06, 2019 Economic Indicators FOXBusiness Facebook

Mortgage buyer Freddie Mac says the average rate on 30-year fixed-rate mortgages slipped to 4.52 percent from 4.53 percent last week. Despite the decline in recent weeks, long-term loan rates have been running at their highest levels in seven years. The average benchmark 30-year rate reached a high this year of 4.66 percent on May 24.

Mortgage rates have steadily declined, with the 30-year fixed-rate bottoming out to 3.82 percent, its lowest level since September 2017. Why Americans should get into the housing market now | Fox.

The December 13 Freddie Mac report put the 30-year fixed-rate at 4.63 percent. went from 3.9 months in October 2017 to 4.3 months and new homes from 5.9 to 8.1 months. A six-month supply is.

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Mortgage Rates for Long-Term Loans Hit Record Low in 2017 October 3, 2017 By CHamler This week, rates for mortgage loans with a 30-year fixed loan term had dropped to its lowest this year.

Long-term mortgage rates took a dip this week and the news could sit well with U.S. homeowners and people considering entering the housing market. Continue Reading Below The average rates for both 30- and 15-year, fixed-rate mortgages settled below 4 percent – resting at 3.82 percent and 3.28 percent, respectively, mortgage company Freddie Mac said in a news release Thursday.

Long-term mortgage rates are the lowest in more than a year, an opportunity for families looking to get a cheap home loan.. Long-term mortgage rates hit lowest level since May 2013.