Freddie Mac: Mortgage rates fall even lower

Mortgage rates again fall lower. Favorable mortgage rates aided U.S. home sales, and the booming refinance market. "In a short week following Memorial Day, the 10-year Treasury yield fell 4 basis points," said Sean Becketti, chief economist at Freddie Mac. "The 30-year mortgage rate remained relatively flat, falling 1 basis point to 3.94 percent.

Tomorrow will bring a raft of mortgage rate headlines from major news outlets due to the typical Thursday release of the widely-followed Freddie Mac Primary. response (and even their EXPECTED.

Global and domestic economic concerns continue to drive down mortgage rates. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 4.28 percent with an average 0.4 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.)

The 30-year fixed-rate average slid to 3.82 percent and the 15-year rate hit 3.28 percent this week, according to new data from Freddie Mac reported in the Washington Post. Rates have been on a. Even with the 30-year average mortgage rate below 4%, home sales slowed in the first five months of the year.

Rates are now at 3.6% according to Freddie Mac. Turns out that rates dropped a lot more than these and most other experts expected.. or possibly push rates even lower than where we see them.

Mortgage rates could fall to fresh lows Last week, Freddie Mac reported that mortgage rates were at 13-month lows after Brexit fallout and other rate-beneficial reports. But the Fed’s new stance.

Rates on 15-year mortgages have slipped this week to an average 3.25% – yet another new low for 2019. Last week, they were at 3.26%. One year ago, rates on those shorter-term home loans were.

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View the latest mortgage rates from the FHFA, MBA or Freddie Mac surveys, with charts.

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Rates for 30-year home loans have only increased eight times on a weekly basis so far this year – otherwise, they have dropped or remained even. The 15-year fixed-rate mortgage dropped four basis.

The good news continues for homebuyers looking to jump into housing this spring as mortgage rates sink even lower, according to the latest freddie mac Primary Mortgage Market survey. "The average.

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"Growing expectations that mortgage rates will remain flat or decline are reflected in the HPSI’s latest reading, which is now at a survey high even though other indicators. According to Freddie.