Mortgage rates drop to 16-month low

It’s more affordable to buy a house today as mortgage rates have dropped to a 16-month low. According to Freddie Mac, the 30-year fixed rate mortgage declined to 3.99%, and 3.46% for a fifteen-year fixed rate, both with an average half a point.This is the first time rates have dropped below 4% since January 2018.

Mortgage rates have been drifting downward since 2018, and have now reached a sixteen-month low. The average rate for a 30-year fixed-rate mortgage is 4.6% according to Freddie Mac’s weekly.

Thanks to lower mortgage rates, 550K homeowners could save by refinancing Interest rates in the U.S. are at historic lows. By refinancing, and taking advantage of these low interest rates, you could potentially save yourself quite a bit of cash.In many communities across the country homeowners did just that – refinanced to lower their monthly mortgage payments.

Mortgage rates dropped to their lowest level since late April on Thursday. The average rate on a 30-year fixed-rate mortgage was 3.76 percent with an average 0.6 point this week, according to Freddie Mac. That is a drop from 3.85 percent last week, and rates have now been below 4.

Home loan rates drop after RBA cuts again – The NAB and the CBA passed on June’s RBA rate cut in full. Westpac will reduce most variable home loan rates, including those.

 · U.S. mortgage rates drop after three-week hold. Please Sign In and use this article’s on page print button to print this article.

Mortgage Rates Drop To 16-Month Low October 23, 2014 As we expected , the average rate for a conforming 30-year fixed-rate mortgage dropped to its lowest point in over a year, down from 3.97 percent to 3.92 percent over the past week and versus 4.13 percent at the same time last year.

Rising Mortgage Rates Threaten Housing Affordability and Inventory – Research Mortgage Refinancing Sinks Near a One-Decade Low on Rising Rates US mortgage requests rise as loan rates hold near 10-month low -MBA. Reuters.. of loan requests to buy a home and to refinance one rose 3.6 percent to 365.3 in the week ended feb. 15.How is the housing affordability index calculated?. The HAI incorporates changes in key variables affecting affordability: housing prices, interest rates, Offsetting some of the positive long-term impacts of falling mortgage rates and rising household income is the surge in housing price.

 · Mortgage rates reach 16-month Low June 10, 2019 2:13 pm. After five weeks on the decline, mortgage rates in the U.S. have finally reached their lowest point in 16 months. If you have been considering a home purchase or refinance, now is an excellent time to make the jump!

 · Adjustable rate mortgage loans accounted for 6.4% of all applications, up from 5.9% in the prior week.

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In the week ahead (July 3-July 10), just 11 percent predict rates will rise; meanwhile, the majority, 89 percent thinks rates will fall; and no one predicts rates will remain relatively unchanged.

The average rate on the 30-year, fixed-rate mortgage fell to 3.99 percent from 4.06 percent last week.. 2019 Comments Off on US long-term mortgage rates fall to 16-month low.

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Money Matters - Mortgage rates dropping Family First: Is it time to buy? Mortgage rates at 16-month low – It’s more affordable to buy a house today as mortgage rates have dropped to a 16-month low. According to Freddie Mac, the 30-year fixed rate mortgage declined to 3.99%, and 3.46% for a fifteen-year fixed rate, both with an average half a point.