Mortgage rates moved lower for the week ending June 1, 2017, which makes the third consecutive week, according to the latest Freddie Mac report. Freddie Mac reported the 30 year fixed mortgage average was 3.94% with an average 0.5 point, slightly lower than last week’s report when the average was.
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Freddie Mac reported the following national averages with mortgage rates for the week ending May 16: 30-year fixed-rate mortgages averaged 4.07 percent, with an average 0.5 point, dropping from last week’s 4.10 percent average. A year ago, 30-year rates averaged 4.61 percent. 15-year fixed-rate mortgages averaged 3.53 percent, with an average 0.4 point, falling from last week’s 3.57 percent average.
· by Mortgage Interest Rates Report · May 10, 2019 Mortgage rates were modestly higher last week, but managed to improve by the end of this week following a saga of trade-related headlines. In fact, trade war drama dominated this week’s news cycle and financial market volatility.
The mortgage rates dipped this week because of weaker consumer spending & manufacturing data, there are continued jitters around trade policy, said Sam Khater, Freddie Mac’s chief economist. Signals from the financial markets are flashing caution signs, the real economy remains on solid ground with steady job growth and five-decade low.
The benchmark 30-year fixed-rate mortgage saw a slight uptick this week. This week's rate is 0.65 percentage points lower than the 52-week.
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Current average rates. The 30-year fixed-rate mortgage (FRM) averaged 3.39 percent with an average 0.7 point for the week ending November 1, 2012, down from last week when it averaged 3.41 percent.
up 4 basis points from 4.08% in the prior week, but still lower than 4.42 a year ago, according to Freddie Mac’s Primary Mortgage Survey. “Rates moved up slightly this week while mortgage applications.
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In fact, the 30-year fixed-rate mortgage averaged 4.12% according to the survey, climbing from last week’s rate of 4.08%. Once again, this week’s rate is much lower than 2018’s rate of 4.42%.
Mortgage Rate Trend Index: Aug. 15, 2018. This week (Aug. 15-21), some 22 percent of panelists believe mortgage rates will rise over the next week or so; 11 percent think rates will fall; and some 67 percent believe rates will remain relatively unchanged (plus or minus 2 basis points). Calculate your monthly payment using Bankrate’s mortgage calculator.
Home buyers saw mortgage rates edge lower again this week, with rates remaining well below year ago levels. “Modestly weaker consumer.