Mortgage rates plummet to new lows

New data from Moneyfacts shows the gap between rates charged for two-year fixed 95% and 90% loan-to-value (LTV) mortgages is falling, and is now at its narrowest since February 2013. Here we look at why 95% mortgages are getting cheaper and whether you should apply for a mortgage deal now while rates are low.

That’s actually a fairly quick move relative to the average pace of mortgage rate movement. In any event, it’s the nicest drop we’ve seen in more than a month, and it brings us to the lowest levels in.

Mortgage rates are at their lowest since the 1960s, when a house in Sydney cost $4500 and Robert Menzies was PM.. Mortgage rates plunge to 60-year lows.. fixed rates,” said Mr Mickenbecker.

Mortgage rates drop to new low of 4.57 pct. NEW YORK AP – Mortgage rates fell for the second straight week to the lowest point in five decades. But many people either don’t qualify for new.

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The average 30-year rate today dropped to 4.08 percent, according to mortgage giant Freddie Mac. A year ago, the 30-year rate averaged 3.58 percent. Rates are about a quarter-point lower than a.

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As of July 17, 2019, mortgage rates for 30-year fixed mortgages fell over the past week, with the rate borrowers were quoted on Zillow at 3.82%, down 11 basis points from July 10. The 30-year fixed mortgage rate rose late last week, hovering around 4%, then dropped to the current rate early this week.

While rates have been hovering near record lows for weeks, thanks in part to negative economic data, the drop this week to new record-low mortgage rates is likely due to two factors, said Keith.

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 · Mortgage rates in the U.S. have reached a new record low, with the interest rate on a 30-year fixed-rate loan averaging 3.91 percent this week, according to Freddie Mac.