Mortgage rates have tumbled to a new all-time low, falling to a 2.67 percent, according to the weekly Primary Mortgage Market Survey released by Freddie Mac. The survey released Thursday found: The 30-year fixed-rate mortgage averaged 2.67 percent with an average 0.7 point for the week ending December 17, down from last week’s 2.71 percent and last year’s 3.73 percent.The 15-year fixed-rate mortgage averaged 2.21 percent with an average 0.6 point, down from last week’s 2.26 percent and last year’s 3.19 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.79 percent with an average 0.3 point, unchanged from last week and down from last year’s 3.36 percent. “The housing market continues to surge higher and support an otherwise stagnant economy that…
Mortgage rates in the United States didn’t budge from record-low levels this week, Freddie Mac reported Thursday in its weekly Primary Mortgage Market Survey. The survey found: The 30-year fixed-rate mortgage averaged 2.71 percent with an average 0.7 point for the week, unchanged from last week and down from last year at this time when it averaged 3.73 percent.The 15-year fixed-rate mortgage averaged 2.26 percent with an average 0.6 point, also unchanged from last week and down from last year’s 3.19 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.79 percent with an average 0.3 point, down from last week’s 2.86 percent and last year’s 3.36 percent. “Mortgage rates remain at record lows, resisting their typical correlation to Treasury yields, which…
New month, another new record. The 30-year fixed-rate mortgage dropped to its lowest level in history again this week, according to Freddie Mac’s weekly Primary Mortgage Market Survey released Thursday. The survey found: The 30-year fixed-rate mortgage averaged 2.71 percent with an average 0.7 point for the week ending December 3, 2020, down from last week’s 2.72 percent and last year’s 3.68 percent.The 15-year fixed-rate mortgage averaged 2.26 percent with an average 0.6 point, down from last week’s 2.28 percent and last year’s 3.14 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.86 percent with an average 0.3 point, down from last week’s when it averaged 3.16 percent and last year’s 3.39 percent. “Despite persistently low mortgage rates, home sales have…
Mortgage rates didn’t budget this week from their record low, Freddie Mac reports in its weekly Primary Mortgage Market Survey. They survey found: The 30-year fixed-rate mortgage averaged 2.72 percent with an average 0.7 point, unchanged from last week and well below last year’s 3.68 percent.The 15-year fixed-rate mortgage averaged 2.28 percent with an average 0.6 point, also unchanged from last week and down from last year’s 3.15 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.16 percent with an average 0.3 point, up from last week’s 2.85 percent and down from last year’s 3.43 percent. “Mortgage rates remain at record lows and while that has fueled a refinance boom, it’s been driven mainly by higher income borrowers. With about 20…
It’s a Lucky 13 for borrowers. For the 13th time this year, 30-year fixed-rate mortgage rates set a new record low – this time falling to 2.72 percent, according to a Freddie Mac’s Primary Mortgage Market Survey released Thursday. The survey found: The 30-year fixed-rate mortgage averaged 2.72 percent with an average 0.7 point for the week, down from last week’s 2.84 percent and last year’s 3.66 percent.The 15-year fixed-rate mortgage averaged 2.28 percent with an average 0.6 point, down from last week’s 2.34 percent and last year’s 3.15 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.85 percent with an average 0.3 point, down from last week’s 3.11 percent and last year’s 3.39 percent. “Weaker consumer spending data, which accounts…
Positive Covid-19 vaccine news drove mortgage rates up ever so slightly this week, but they remained near historically low levels, Freddie Mac announced Thursday in its weekly Primary Mortgage Market Survey. The survey found: The 30-year fixed-rate mortgage averaged 2.84 percent with an average 0.7 point, up from last week’s 2.78 percent and last year’s 3.75 percent.The 15-year fixed-rate mortgage averaged 2.34 percent with an average 0.6 point, up from last week’s 2.32 percent and last year’s 3.20 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.11 percent with an average 0.4 point, up from last week’s 2.89 percent and last year’s 3.44 percent. “Mortgage rates jumped this week as a result of positive news about a Covid-19 vaccine,” said Sam…
If you’re wondering if mortgage rates can go any lower, the answer is “yes” – at least for another week. The average 30-year fixed-rate mortgage dropped to a record 2.78 percent this week, according to the Primary Mortgage Market Survey released by Freddie Mac on Thursday. It is the lowest rate recorded in the survey’s history, dating to 1971. The survey found: The 30-year fixed-rate mortgage averaged 2.78 percent with an average 0.7 point, down from last week’s 2.81 percent and last year’s 3.69 percent.The 15-year fixed-rate mortgage averaged 2.32 percent with an average 0.6 point, unchanged from last week and down from last year’s 3.13 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.89 percent with an average 0.3 point,…
Mortgage rates increased this week ever so slightly as they continue to hover at historic lows during the Covid-19 pandemic, Freddie Mac announced Thursday in its weekly Primary Mortgage Market Survey. The survey found: The 30-year fixed-rate mortgage averaged 2.81 percent with an average 0.7 point, up slightly from last week’s record 2.80 percent and down from last year’s 3.78 percent.The 15-year fixed-rate mortgage averaged 2.32 percent with an average 0.6 point, down from last week’s 2.33 percent and last year’s 3.19 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.88 percent with an average 0.3 point, up from last week’s 2.87 percent and down from last year’s 3.43 percent. “The record low mortgage rate environment is providing tangible support to…
Mortgage rates have hit yet another record low. Freddie Mac announced Thursday that the 30-year fixed-rate mortgage averaged 2.80 percent for the week, the lowest rate in the history of the Primary Mortgage Market Survey dating back to 1971. The survey found: The 30-year fixed-rate mortgage averaged 2.80 percent with an average 0.6 point for the week ending October 22, down from last week’s 2.81 percent and last year’s 3.75 percent.The 15-year fixed-rate mortgage averaged 2.33 percent with an average 0.6 point, down from last week’s 2.35 percent and last year’s 3.18 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.87 percent with an average 0.3 point, down from last week’s 2.90 percent and last year’s 3.40 percent. “Mortgage rates remain…
Mortgage rates dropped to 2.81 percent this week, another new record and the 12th straight week rates have stayed under 3 percent, Freddie Mac reported Thursday in its weekly mortgage market survey. The survey found: The 30-year fixed-rate mortgage averaged 2.81 percent with an average 0.6 point for the week ending October 15, 2020, down from last week’s 2.87 percent and last year’s 3.69 percent.The 15-year fixed-rate mortgage averaged 2.35 percent with an average 0.5 point, down from last week’s 2.37 percent and last year’s 3.15 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.90 percent with an average 0.2 point, down from last week’s when it averaged 2.89 percent and last year’s 3.35 percent. “Low mortgage rates have become a regular…
