Fixed mortgage rates hit 50-year lows: Freddie Mac

Interest rates on U.S. 30-year, 15-year fixed-rate mortgages fell to their lowest in over 13 months as bond yields have decreased on worries about a slowing economy and U.S.-China trade tensions.

CHICAGO (MarketWatch) — Rates on fixed-rate mortgages and the 5-year adjustable-rate mortgage dropped to record lows this week, according to Freddie Mac’s weekly survey of conforming mortgage.

NEW YORK (CNNMoney) — Average rates for both 15-year and 30-year fixed mortgages fell to new all-time record lows this week, according to a report released by Freddie Mac Thursday. Borrowers of.

Over the first half of 2019, mortgage rates in the United States dipped to near-historic lows. Americans who were paying. After five weeks of declines, mortgage rates are at their lowest levels in 16 months. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 3.99. Mortgage interest rates.

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Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significantly, even within a given day. The average 30-year fixed.

Mortgage rates tumbled in the past week to their lowest level since February 2015, according to the latest Freddie Mac survey. The 30-year fixed-rate mortgage averaged 3.59% in the latest week, down.

If there’s a silver lining to the general gloom about the economy and the stock market, it’s this: Interest rates are at or near 50-year lows. to Freddie Mac, which has records stretching back to.

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Previously, the lowest annual average happened in 2012 when the average hit 3.66%. And Freddie Mac doesn’t expect the interest rate to increase much in 2017, either. The GSEs current forecast shows.

Mortgage rates have now fallen to their lowest level within the last 10 months, according to the latest Freddie Mac Primary Mortgage Market Survey. According to the survey, the 30-year fixed-rate.

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The 30-year fixed-rate mortgage averaged 4.51% in the Aug. 23 week, down two basis points, according to Freddie Mac’s weekly survey. That was the lowest point for the popular product since mid-April..

The average rate for a 30-year fixed-rate mortgage rate dropped below 4% for the first time since January 2018 this past week. For the week ended May 30, the average rate for a 30-year was 3.99%, down from 4.06% the previous week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this [.]