WASHINGTON (AP) – U.S. long-term mortgage rates declined this week for a second straight week, reversing the upward trend in April as a lure to potential home buyers. mortgage buyer freddie mac said Thursday the average rate on the 30-year, fixed-rate mortgage fell to 4.10% from 4.14% last week.
Rates decreased by 19 basis points from last year’s 3.87%. The average fee held steady at 0.4 points. According to Freddie.
Long-term mortgage rates took a dip this week and the news could sit well with U.S.. Features. Back. Features Luxury Business Leaders. Video. Back. experienced its “sixth consecutive weekly decline and its lowest level since. and 15-year fixed-rate mortgages was 0.5 point, according to Freddie Mac.
Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage dipped to 4.45 percent this week from 4.51 percent last week. US average mortgage rates fall; 30-year at 4.51 percent
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Rates are a real bargain compared to a year ago, when the benchmark mortgage rate was averaging 4.55%. The loans in Freddie Mac’s survey come with an average 0.5 point.
Lastly, the five-year treasury-indexed hybrid adjustable-rate mortgage averaged 3.52%, decreasing from last week's rate of 3.60%. Once again.
Mortgage rates were on the decline once more through the week ending 28 th June, with rates now having fallen in four of the last five weeks, according to figures released by Freddie Mac. While the.
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The report spurred a decline in the yield on the 10-year U.S. Treasury note, which is closely tracked by mortgage rates. The yield stood at 2.82 percent Thursday, compared with 2.46 percent at the start of the year. To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week.
We're seeing a tug of war happen as the fixed income market flashes warning signs while the equities market continues to march higher with optimism.
· As of February 28, the average rate for a 30-year fixed mortgage loan was 4.35%. That was based on the long-running weekly survey conducted by Freddie Mac.That’s the lowest it has been in over a year. Mortgage rates have been following a steady decline since November of this year.