Freddie Mac: Mortgage rates below 4% ten weeks straight

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Mortgage Rates Remain Below Four Percent for Twelve Weeks straight pdf version mclean, VA–(Marketwired – Oct 15, 2015) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS ), showing average fixed mortgage rates nudging higher throughout the beginning of the week.

Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year, fixed-rate mortgage fell to 3.99% from 4.06% last week. It was the first time it ran below 4% since January 2018. By.

Freddie Mac’s chief economist, said in a press release. The 30-year fixed-rate mortgage averaged 3.99% for the week ending May 30, down from last week when it averaged 4.06%. A year ago at this time,

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Mortgage buyer Freddie Mac. below 3.6% for four straight weeks – the first time that’s happened since the fourth quarter.

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WASHINGTON (AP) – U.S. long-term mortgage rates fell for the fifth consecutive week, tipping the key 30-year loan average below 4% for the first time in nearly a year and a half.The declining rates have been a boon to potential purchasers in the spring home buying season. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year, fixed-rate mortgage fell to 3.99% from 4.

Interest rates on U.S. 30-year fixed-rate mortgages fell below 4% for the first time since January 2018 in step with declining U.S. bond yields due to growing trade tension between China and the.

Mortgage rates improved over the course of the past week, and are now at levels not seen since June of 2013, according to Freddie Mac’s Primary Mortgage Market Survey.. The average rate on a 30-year fixed-rate mortgage fell to 3.97%, down from 4.12% last week.

Click to enlarge (Source: Freddie Mac) The 30-year fixed-rate mortgage averaged 3.85% for the week ending Oct. 1, down from last week when it averaged 3.86%.. Mortgage rates below 4% ten weeks.

Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year, fixed-rate mortgage fell to 3.99% from 4.06% last week. It was the first time it ran below 4% since January 2018. By contrast, a year ago the benchmark rate stood at 4.56%. The average rate for 15-year, fixed-rate home loans declined this week to 3.46% from 3.51%.

While the Fed has been raising bank rates, mortgage borrowers have seen their rates decline. In August the typical mortgage.