According to Freddie Mac, the average interest rate on a 30-year fixed-rate mortgage was 4.52% in the week ending Jul 5 compared with 4.55% in the week earlier.
Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit ‘lowest level’ since 2017. By Elizabeth Zwirz | FOX Business | 1 month 6 days ago | Business
Mortgage buyer Freddie Mac says the average rate on 30-year fixed-rate mortgages slipped to 4.52 percent from 4.53 percent last week. Despite the decline in recent weeks, long-term loan rates have been running at their highest levels in seven years. The average benchmark 30-year rate reached a high this year of 4.66 percent on May 24.
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Opinions, estimates, forecasts and other views contained in this document are those of Freddie Mac’s Economic & Housing Research group, do not necessarily represent the views of Freddie Mac or its management, should not be construed as indicating Freddie Mac’s business prospects or expected results, and are subject to change without notice.
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According to Freddie Mac’s latest Primary Mortgage Market Survey, the U.S. 30-year fixed mortgage rate dropped to a year-to-date low for the third consecutive week in 2017. Sean Becketti, chief economist of Freddie Mac says, "The 10-year Treasury yield fell 9 basis points this week, reaching a new 2017-low for a second consecutive week.
Mortgage Rates for long-term loans hit Record Low in 2017. This is according to the The Washington Post report yesterday, September 7. Average 30-year fixed rates dropped 0.04 on a week-over-week comparison, according to Freddie Mac. From 3.82 percent in the week prior, it is now at 3.78 percent low. It is also 0.52 percent down from 2017’s peak in March, at 4.3 percent.
According to Freddie Mac’s latest Primary Mortgage Market Survey, U.S. mortgage rates inched back over the past week and have now declined in three of the past four weeks. Sam Khater, Freddie Mac’s chief economist, says mortgage rates remained mostly tranquil heading into the first week of summer, declining five basis points to 4.57 percent.
Despite the surge in interest rates after the election, the year’s average was the lowest since Freddie Mac became to keep score in 1972. Fannie Mae says it also underestimated. predicted earlier..
WASHINGTON (AP) – U.S. long-term mortgage rates fell for the sixth consecutive week, with the key 30-year loan average running below 4% and at its lowest point since September 2017. The declining. The weekly average rates for new mortgages as of 27 th June were quoted by Freddie Mac to be: 30-year fixed rates decreased.