30-year mortgage rates hit 2017 low: 3.88

Long-term mortgage rates took a dip this week and the news could sit well. mortgage rates, says 30-year average hit 'lowest level' since 2017.

WASHINGTON – The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making home-buying and.

30-year mortgage rates hit 2017 low: 3.88%. visiato 2017-06-30T10:38:22-04:00 Mortgage Rates | WASHINGTON (AP) – June 29, 2017 – Long- Read More Investors focusing on build-to-rent homes Investors focusing on build-to-rent homes Investors focusing on build-to-rent homes.

CLEVELAND, Ohio — Mortgage rates have dropped to their lowest levels of 2017, back well below 4 percent. The 30-year rate of 3.86 percent is at its lowest point since last November. In mid-July,

Mortgage rates have fallen again, and homeowners are jumping aboard the refinancing train. For home loans of $484,000 or less.

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Average mortgage. 30-year mortgage rate fell seven basis points this week in a delayed reaction to last week’s sharp drop in Treasury yields,” said Sean Becketti, Freddie Mac’s chief economist.

Rates on long-term home loans typically track the yield on 10-year treasury notes, which barely budged this week. Two weeks ago, the 30-year mortgage hit a low for the year before bouncing back up.

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Last year, homebuilders were hit by the double-whammy of weak demand. aided by historically-low mortgage rates in the post.

30-year fixed-rate mortgage (FRM) averaged 3.88 percent with an average 0.5 point for the week ending June 29, 2017, down from last week when it averaged 3.90 percent. A year ago at this time, the 30-year FRM averaged 3.48 percent.

3 days ago. The average rates on 30-year fixed and 15-year fixed mortgages both trended upward.. they have remained in a historically low range for quite some time.. The average rate you'll pay for a 30-year fixed mortgage is 3.88.

NEW YORK, May 25, 2017. to interest rates and normalizing their balance sheet. Further, with the backdrop of still sluggish economic growth, the likelihood of a sudden spike in rates has low odds.

Current rates in Massachusetts are 3.81% for a 30-year fixed, 3.13% for a 15-year fixed, and 3.86% for a 5/1 adjustable-rate mortgage (ARM). Learn more about today’s mortgage rates.

Not only did the average 30-year fixed-rate mortgage decline for the fourth consecutive week in our survey, it also fell to a new 2017 low." Freddie Mac makes home possible for millions of families.