30-Year Mortgage Rates Fall to Two-Year Lows

The average rate on 30-year fixed mortgages dropped to 5 percent as turmoil in the Middle. after a homebuyers’ tax credit expired last year and as more properties fall into the foreclosure pipeline.

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As of August 7, 2019, mortgage rates for 30-year fixed mortgages fell over the past week, with the rate borrowers were quoted on Zillow at 3.76%, down one basis point from July 31. Share The 30-year fixed mortgage rate reached new long-term lows during the week.

Rates for home loans mostly held steady, and even declined slightly, as investor jitters about a slowing economy and geopolitics continued to keep bonds attractive. The 30-year fixed. at about a.

30 year mortgage rates matched an all time low of 4.78 percent for the week ending November 25, 2009 according to the latest primary mortgage market Survey released by freddie mac. 30 year mortgage rates haven’t been as low since the April 30, 2009 mortgage survey. average mortgage discount points were 0.7 points.

There are many different kinds of mortgages that homeowners can decide on which will have varying interest rates and monthly payments. Historically, the 30-year mortgage rate reached upwards of 18.6% in 1981 and went as low as 3.3% in 2012. US 30 Year Mortgage Rate is at 3.60%, compared to 3.75% last week and 4.60% last year.

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(MoneyWatch) Maybe the Fed’s latest attempt to push down mortgage rates is working — fixed rates are matching or hitting new record lows this week according to data from freddie mac released Thursday.

Mortgage rates fall to lowest level in nearly two years. As mortgage rates dip below 4 percent, falling to nearly two-year lows, homebuyers are. the average rate for a 30-year fixed-rate mortgage has fallen to 3.82 percent.

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Mortgage rates continue their relentless decent down as average 30 year mortgage rates hit a new low for 2016. Average mortgage rates moved sharply lower the past several weeks, following 10 year U.S. Treasury yields lower. Current 30 year rates are a mere 12 basis points above the all-time record low set in the fourth quarter of 2012.

Interest rates on U.S. 30-year, fixed-rate mortgages fell to a 10-month low in step with lower U.S. bond yields, prompted by concerns about weakening domestic growth and the Federal Reserve.