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

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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. The 15-year fixed-rate mortgage averaged 3.99%, down five basis points, while the five-year adjustable-rate mortgage was 3.74%, down from 3.87%.

On Thursday, May 30, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/LM Otero, File) WASHINGTON (AP) – U.S. long-term mortgage rates fell for the fifth consecutive week, tipping the key 30-year loan average below 4% for the first time in nearly a year and a half.

NEW YORK CITY – Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks as concerns grow that the economy is weakening. Mortgage buyer Freddie Mac says the average rate for a 30-year fixed loan.

 · Mortgage rates continued their ascent this week, their fifth consecutive increase. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average.

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.

Freddie Mac news facts: 30-year fixed-rate mortgage (frm) averaged 4.57 percent with an average 0.5 point for the week ending. quarter and down 15 percent from a year ago to the lowest level since.

Mortgage buyer Freddie Mac. a 30-year rate that averaged 3.65 percent for all of 2016, the lowest level recorded from records going back to 1971. The average for a 15-year mortgage eased to 3.44.

mortgage rates dipped for the week ending Jul 5 to the lowest level since mid-April, renewing hope for would-be homebuyers. Notably, the cost of borrowing fell in five of the past six weeks. According.

WASHINGTON (AP) – Long-term mortgage rates rose for a second straight week as the average 30-year fixed mortgage rate increased to 3.91 percent, from 3.85 percent a week ago. Mortgage buyer Freddie Mac says the 15-year home loan, frequently used by homeowners who refinanced their mortgages, also.

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Freddie Mac: 30 Year Mortgage Rate Sinks To 3.95% Lowest Of 2017. The average conventional 30 year fixed rate mortgage started June at just 3.95%, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). That is down seven basis points (0.07%) compared to the first week of May.