· The average rate on a 30-year fixed mortgage dropped to 4.57 percent this week, mortgage company freddie mac reported Thursday. That’s down from the previous record low of 4.58 percent set last week.
After the 2pm release today, bonds–including the mortgage-backed-securities that dictate mortgage rates–moved to their best levels of the year. After beginning the morning in a more conservative.
The Federal Reserve’s latest effort to prop up the economy has dropped mortgages into once unthinkable territory, with 30-year fixed-rate loans available for less than 4% – a record low.
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· The Freddie Mac Primary Mortgage Market Survey for the week ended January 22, 2015 shows that 30-year fixed-rate mortgages slipped another three basis points, dropping from 3.66 percent to 3.63 percent. This is almost three-quarters of a percentage point lower than the year-ago average of 4.39 percent. 15-year frms were also down, retreating five basis points from 2.98 percent to 2.93.
The nation’s mortgage rates have hit another record low. According to mortgage giant freddie mac, mortgage rates dropped again this week to historic lows on both 15-year and 30-year fixed rate.
Mortgage rates drop to new record lows. Thursday by Freddie Mac. The average rate on a 30-year fixed mortgage dropped to 4.09% in the week ending Thursday – the lowest in the 40 years Freddie.
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Mortgage rates continued their downhill slide this week, falling to a three-year low of 3.57 percent on a typical 30-year fixed loan. That’s a drop from 3.61 percent last week and an average 3.85.
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Mortgage rates have declined for the majority of the year, and once again, right before the year comes to a close, rates hit another record low for 2014, Freddie Mac’s Primary Mortgage Market.
Freddie Mac. "Disappointing April employment data once again kept a lid on Treasury yields, which have struggled to stay above 1.8 percent since late March. As a result, the 30-year mortgage rate fell.
WASHINGTON (AP) — The average rate on the 30-year mortgage edged down this week to hover again above record lows. Cheaper rates. construction and a drop in the nation’s homeownership rate. Frank.
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