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Mortgage rates dropped to a record low

Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 4.85 percent this week, from 4.98 percent last week. It was the lowest in the history of Freddie Mac’s survey, which dates back to 1971 and was down a full percentage point from a year ago.

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Mortgage Rates for Long-Term Loans Hit Record Low in 2017 October 3, 2017 By CHamler This week, rates for mortgage loans with a 30-year fixed loan term had dropped to its lowest this year.

NEW YORK, Dec 3 (Reuters) – U.S. mortgage rates dropped to a record low, smashing through a previous record set earlier this year, a closely watched mortgage survey showed Thursday.

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Mortgage rates this week. A year ago, it was 4.02 percent. Four weeks ago, the rate was 4.71 percent. The 30-year fixed-rate average for this week is 0.14 percentage points below the 52-week high of 4.80 percent, and is 0.71 percentage points higher than the 52-week low of 3.95 percent.

Mortgage rates dropped yet again to another record low for 2011, falling to the lowest level in nearly 6 months and helping the real estate market which is on life support. Both fixed mortgage rates and adjustable mortgage rates dropped this week.

Your bank, financial advisor or mortgage broker can give you a clear picture of what you can borrow and what financial help.

The 30-year fixed mortgage rate. for a home purchase at low rates, some have remained reluctant to get in on the market. New U.S. single-family home sales in July dropped 12.8 percent.

Australian mortgage approvals surged by the most. as well as a surge in auction clearance rates. A combination of Reserve.

 · Mortgage rates have fallen by a full percentage point since late 2018. Going back four months or so, most forecasts weren’t expecting mortgage rates to drop as low.

Realty Check: Record Low Mortgage Rates The fixed 15-year rate loan also saw a drop to an average of 3.54%, a new historical low for the mortgage down from last week when it was at 3.66%. The 5-year treasury indexed hybrid adjustable rate mortgage hit an average of 3.18% for the week, down from 3.25% last week to also hit a new record low.

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