Freddie Mac: Mortgage rates below 4% ten weeks straight

Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year, fixed-rate mortgage fell to 3.99% from 4.06% last week. It was the first time it ran below 4% since January 2018. By contrast, a year ago the benchmark rate stood at 4.56%. The average rate for 15-year, fixed-rate home loans declined this week to 3.46% from 3.51%.

Freddie Mac’s chief economist, said in a press release. The 30-year fixed-rate mortgage averaged 3.99% for the week ending May 30, down from last week when it averaged 4.06%. A year ago at this time,

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Freddie mac: mortgage rates below 4% ten weeks straight Brena Swanson is formerly the Digital Reporter for HousingWire. Brena joined the HousingWire news team in February 2013, also serving in the.

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Mortgage buyer Freddie Mac said. 3.49% last week. Average rates on the benchmark loan have remained below 3.6% for.

CHICAGO (MarketWatch) – Average rates on 30-year fixed-rate mortgages fell below 4% this week, averaging 3.94% to notch another record, according to Freddie Mac’s weekly survey of conforming.

Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year, fixed-rate mortgage fell to 3.99% from 4.06% last week. It was the first time it ran below 4% since January. afternoon.

As a result, conforming and FHA mortgage rates slipped for the third straight week last week. According to Freddie Mac’s weekly Primary Mortgage Market Survey, the average 30-year fixed rate mortgage available to borrowers in Michigan is down to 3.88% nationwide with an accompanying 0.7 discount points plus "typical" closing costs.

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Mortgage Rates Remain Below Four Percent for Twelve Weeks Straight PDF Version MCLEAN, VA–(Marketwired – Oct 15, 2015) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS ), showing average fixed mortgage rates nudging higher throughout the beginning of the week.

Click to enlarge (Source: Freddie Mac) The 30-year fixed-rate mortgage averaged 3.85% for the week ending Oct. 1, down from last week when it averaged 3.86%.. Mortgage rates below 4% ten weeks.

Freddie Mac’s Mortgage Rate Survey Explained. Research Note: Freddie Mac’s Primary Mortgage Market Survey (PMMS) is the longest running weekly survey of mortgage interest rates in the United States. Since Freddie Mac launched its survey in 1971, others have begun collecting and reporting mortgage rate information.