Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit ‘lowest level’ since 2017

Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit ‘lowest level’ since 2017 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.

Mortgage rates dipped slightly this week, but are on the verge of surging up as December’s rate hike looms on the horizon, according to Freddie Mac’s Primary Mortgage Market Survey.

“Concerns about global growth and ongoing trade disputes have pushed long-term interest rates lower, resulting in mortgage rates seeing their lowest level since fall 2017,” says Sam Khater, chief.

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In June 2018, homebuyers were getting 30-year loans at an average 4.57%. The dip in mortgage. have pushed long-term interest rates lower, resulting in mortgage rates seeing their lowest level since.

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.

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.

Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit lowest level’ since 2017 – Long-term mortgage rates took a dip this week and the news could sit well with U.S. homeowners and people considering. FHA 30-year, fixed-rate mortgage requires the payment of a mortgage insurance premium, usually for the life of the.

U.S. 30-year mortgage rates hit 2-month high -freddie mac. The borrowing cost on 30-year mortgages, the most widely held type of U.S. home loan, averaged 4.03 percent in the week ended july 13, the highest since 4.05 percent in the May 11 week. Last week, the average 30-year rate was 3.96 percent, the mortgage finance agency said.

WASHINGTON (MarketWatch) — The 30-year fixed-rate mortgage average fell to a record low of 4.58% for the week ending July 1, Freddie Mac reported Thursday. In the prior week, the average was 4.69.