Mortgage Rates Reach 16-Month Low

Mortgage Rates at 18 Month Lows & FHA Reduction in MIP The current average rate is at its lowest point since the first week of June in 2013 when it averaged 3.91 percent. That being said, with unemployment claims now at their lowest point in 14 years and the yield on the 10-year Treasury on the move, the dip in mortgage rates is likely over for the time being.

Mortgage rates were forced to give back some of the tremendous improvements seen yesterday as financial markets corrected after the wild swing. Apart from the past two days, today’s rates are the best in 16 months, and in many cases remain very close to Tuesday’s offerings.

Mortgage rates have been drifting downward since the end of 2018, and have now reached a 16-month low. According to Freddie Mac’s weekly mortgage survey, the average rate for a 30-year fixed-rate mortgage is 4.06 percent, an 18 percent drop from its recent peak in November.

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Average U.S. mortgage rates tumbled this week. The 30-year loan hit its lowest level since June 2013 as Treasury bond yields marked new lows amid concern over global economic weakness.It was the fourth straight week of declines for mortgage rates.

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View daily mortgage and refinance interest rates for a variety of mortgage products, and learn how we can help you reach your home financing goals. Current Mortgage and Refinance Rates.

CNBC’s Diana Olick takes a look at mortgage rates dropping amid market madness. 01:18 | 16 Hrs Ago. Cramer Remix: The best ways to get kids excited about stocks.

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It’s more affordable to buy a house today as mortgage rates have dropped to a 16-month low. According to Freddie Mac, the 30-year fixed rate mortgage declined to 3.99%, and 3.46% for a fifteen-year.

Mortgage rates have been drifting downward since the end of 2018, and have now reached a 16-month low. According to Freddie Mac’s weekly mortgage.

The 30-year fixed-rate mortgage averaged 3.99% in the May 30 week, down from 4.06%, Freddie Mac said Thursday. That marked a 16-month low for the popular product, which has eked out a weekly rise only.

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