Freddie Mac: Mortgage rates below 4% ten weeks straight

Mortgage rates improved over the course of the past week, and are now at levels not seen since June of 2013, according to Freddie Mac’s Primary Mortgage Market Survey.. The average rate on a 30-year fixed-rate mortgage fell to 3.97%, down from 4.12% last week.

Home mortgage rates fell for the sixth straight week, according to two key measures, with one of them pointing to a sub-5% rate for the 30-year fixed loan for the second week in a row. Freddie Mac.

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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.

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.

CHICAGO (MarketWatch) – For the fifth week in a row, rates on 30-year fixed-rate mortgages averaged at or below 4%, according to Freddie Mac’s weekly survey of conforming mortgage rates.

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.The declining rates have been a boon to potential purchasers in the spring home buying season. mortgage buyer freddie Mac said Thursday that the average rate on the 30-year, fixed-rate mortgage fell to 3.99% from 4.

Mortgage Rates Have Dropped Below 4%. For the first time in more than 40 years, data from Freddie Mac’s weekly Primary Mortgage Market Survey shows the average 30-year fixed rate mortgage falling below 4 percent, dropping to 3.94 percent nationwide.It’s the lowest average 30-year fixed reading in the survey’s history.

According to Freddie Mac's report, the 30-year fixed-rate mortgage. That's an increase of 10 basis points from last week, when it. highest level in more than a year, thanks to five straight weeks of increases.. In fact, the 30-year FRM has increased in every week in 2018 so far, as seen in the chart below.

Mortgage rates continued the summer swoon due to weaker economic data.. and trade headwinds, economic fundamentals are still solid for U.S. consumers.

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