Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit ‘lowest level’ since 2017

MCLEAN, Va., June 06, 2019 (GLOBE NEWSWIRE) — Freddie Mac (otcqb: fmcc) today released the results of its primary mortgage market survey ® (PMMS ®), showing that the 30-year fixed-rate mortgage rate fell to 3.82 percent, the sixth consecutive weekly decline and its lowest level since september 2017. sam khater, Freddie Mac’s chief economist, says, “While the drop in mortgage rates.

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.

The latest data from Freddie Mac’s Primary Mortgage Market Survey shows that the 30-year fixed mortgage rate just hit its highest mark since December 2016. According to Freddie Mac’s report.

The average fee on both 30- and 15-year fixed-rate mortgages was 0.5 point, according to Freddie Mac. Advertisement The average rate for five-year adjustable-rate mortgages fell to 3.52% from 3.60.

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 · Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage declined to 4.31 percent from 4.41 percent the previous week. The latest 30-year average rate was the lowest since February 2018. The average stood at 4.44 percent a year ago. Mortgage rates climbed for much of 2018 and peaked at nearly 5 percent in early November.

Mortgage rates improved nearly 25 basis points, according to the latest Freddie Mac Primary Mortgage Market Survey and. after the NAHB Housing Market Index for December fell to its lowest level in.

Mortgage rates moved lower during the week ended nov. 30, with the average rate for a 30-year fixed-rate mortgage (FRM) falling to 3.9%, down from 3.92% the previous week, according to Freddie Mac’s Primary Mortgage Market Survey.

Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit ‘lowest level’ since 2017. FOX Business – Elizabeth Zwirz. Long-term mortgage rates took a dip this week and the news could sit well with U.S. homeowners and people considering entering the housing market. The average rates for both 30- and 15-year, fixed-rate mortgages settled below 4 percent – resting at 3.82 percent and 3.28 percent, respectively,

Mortgage rates moved lower during the week ended Nov. 30, with the average rate for a 30-year fixed-rate mortgage (FRM) falling to 3.9%, down from 3.92% the previous week, according to Freddie Mac’s Primary Mortgage Market Survey.. A year ago at this time, the 30-year FRM averaged 4.08%.

Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages slipped to 4.52 percent from 4.53 percent last week. Despite the decline in.

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