HOW LOW HAS OUR MORTGAGE RATES GOTTEN?

When mortgages are cheap, they are considered a blessing to the housing market. Lately, a significant drop in the mortgage rates has not been a blessing, if one look closely, you will see that mortgage rates are on the decline since late last year. The rates, consumer borrowing cost, are all affected by government bonds … Continued

Mortgage Rates Tick Up, But Declines Could be Ahead

Freddie Mac: The average 30-year fixed-rate mortgage rose to 3.75% this week from 3.73% a week ago, down from 4.52% a year ago. The 15-year rate rose to 3.18%. WASHINGTON – Freddie Mac reported mortgage rates on July 3 that the average 30-year fixed-rate mortgage rose to 3.75% this week from 3.73% a week ago, … Continued

Long-Term Mortgage Rates Fall – 30 – Year at 3.73%

The average FRM fell this week – the seventh decline in the past nine weeks for 30-year loans – and hit its lowest level since November 2016. WASHINGTON (AP) – U.S. long-term mortgage rates fell this week. It was the seventh decline in the past nine weeks for the key 30-year, fixed-rate loan, which reached … Continued

Fixed mortgage rate declines slightly to 4.55%

WASHINGTON (AP) – May 3, 2018 – The key long-term U.S. mortgage rate declined slightly this week, after a steady rise for most of April that pushed the rate to its highest level in more than four years. With the spring buying season underway, mortgage buyer Freddie Mac said Thursday the average rate on 30-year, … Continued