Mortgage rates dropped to a record low

Fixed mortgage rates have fallen for the second week in a row, this time reaching new records low points. Data released by Freddie Mac in their weekly survey of mortgage rates shows that average 30 year fixed rate pricing dropped to a record setting 3.84% (0.8 points and fees) and 15 year fixed rates on average also set a new record at 3.07% (0.

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Mortgage rates this week Over the past 52 weeks, the 30-year fixed has averaged 4.55 percent. This week’s rate is 0.62 percentage points lower than the 52-week average.

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Data provider BankRate.com said the average rate on 30-year mortgages offered by large lenders surveyed by the firm dropped this week to 5%, down from 5.06% last week and a record low for the 24.

"Last week, mortgage rates dropped to their lowest level since the week of the November 2016 election as investors sought safety given the tense geopolitical environment, especially the concerns with.

Mortgage rates were driven down this past. a week prior and 4.44 percent a year ago. The 30-year fixed rate hasn’t been this low in more than a year. The 15-year fixed-rate average dropped to 3.76.

"When you combine that with the incredibly low mortgage rates, it is not surprising to now see two straight months of increases." The recent weakness in the housing market could be turning around,

MORTGAGE costs are plummeting with fixed-rate deals falling to a record low in May thanks to growing competition among lenders, the Bank of England said yesterday. Of these, the market-leading deal for buyers with a 30 per cent deposit is HSBC’s two-year fixed rate of 2.49 per cent, with a 999 fee. This is closely followed by Alliance & Leicester’s 2.64 per cent deal.

With the 10-year Treasury yield establishing a new record low this week, mortgage rates have been pulled along for the ride. Mortgage rates are closely related to the yields on long-term Treasuries.

For the second week in a row, mortgage rates dropped to a new record low. This morning, Freddie Mac reported 3.31 percent with an average 0.7 point as the average on a 30-year fixed-rate mortgage. From Freddie Mac vice president and chief economist Frank Nothaft: Fixed mortgage rates continued to.