Mortgage rates plummet to new lows

Mortgage rates plummet to new lows

Mortgage Rates Drop to New Lows. If you remember finance 101, more buyers of bonds send their yields lower. And since mortgage rates tend to track Treasury rates, homebuyers are rolling in clover. 5/1 Treasury-linked ARMS, which are adjustable rate mortgages that are fixed for five years and then float yearly, are at 3.95 percent.

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All mortgage products, except the 5-year adjustable-rate mortgage, averaged all-time lows. The 15-year FRM, a popular refinancing choice, averaged 2.73%, falling from 2.77% last week and setting a.

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Mortgage rates this week. A year ago, it was 4.02 percent. Four weeks ago, the rate was 4.71 percent. The 30-year fixed-rate average for this week is 0.14 percentage points below the 52-week high of 4.80 percent, and is 0.71 percentage points higher than the 52-week low of 3.95 percent.

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According to the latest data released Thursday by the Federal Home Loan Mortgage Corp., the 30-year fixed-rate average sank to a three-year low, plunging to 3.54 percent, with an average 0.5 point.

Fixed mortgage rates have fallen for the second week in a row, this time reaching new records low points. Data released by Freddie Mac in their weekly survey of mortgage rates shows that average 30 year fixed rate pricing dropped to a record setting 3.84% (0.8 points and fees) and 15 year fixed rates on average also set a new record at 3.07% (0.7 points and fees) for the week ending May 3, 2012.

Mortgage rates plummet to new lows August 12, 2011 / 0 Comments / in Mortgage / by Matthew Le Baron As the economy felt the stings of european debt concerns and investors rushed to U.S. Treasury’s mortgage interest rates plummeted to new lows this week.

Mortgage rates dropped quickly again today, easily hitting the lowest levels since late 2017 for the average lender. The move comes in response to a surge in volatility and perhaps even a wave of.

Mortgage rates drop to new low of 4.57 pct. Originally published July 8, 2010 at 9:54 am Updated July 8, 2010 at 12:01 pm Mortgage rates fell for the second straight week to the lowest point in.

 · The average rate on a 30-year fixed mortgage dropped to 4.57 percent this week, mortgage company Freddie Mac reported Thursday. That’s down from the previous record low of 4.58 percent set last week.

Mortgage rates drop to new lows. BelfastTelegraph.co.uk. Mortgage lenders have trimmed more of their rates down to rock bottom lows as the battle for home owners’ business hots up in the run-up to.

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