Mortgage Rate Articles

Mortgage Rates Hit New Lows Again

Mortgage rates fall again, hit new lows.. a contraction in the manufacturing industry drove long-term treasury bond yields lower over the week and allowed fixed mortgage rates to hit new all.

Mortgage Rates: You’d Better Shop Around When purchasing a home, shopping for the lowest mortgage rates is an essential strategy that can save you thousands of dollars over the life of the loan.. For the best results, shop with a plan. Do enough upfront research to have an idea of what you want, then see who can get it for you.

Once again, the average for a 30-year-fixed-rate mortgage has either matched or hit a new record low, according to new data from Freddie Mac. The Primary Mortgage Market Survey showed a four basis point drop in the average 30-year-fixed-rate mortgage from 3.66 percent, to 3.62 percent.

Mortgage rates hit new lows after OCR cut. Banks have made major cuts to floating and fixed rate mortgages following the Reserve Bank’s decision to cut the Official Cash Rate to a record low. Thursday, May 9th 2019. Antonia Watson.

When bond prices decline, yields, or rates, rise. As mortgage rates churn higher, affording a new home purchase will become more challenging for some Americans. But financing costs remain extremely.

Mortgage Rates Hit New 2017 Lows – Mortgage News Daily – Mortgage rates moved lower today–significantly in some cases–with the average lender making it back to 2017’s lows for the first time since January. Rates came close to 2017’s lows in late.

Mortgage Rates Hit New record lows (Yet Again). default and a weak U.S. employment report for August placed downward pressure on Treasury bond yields and allowed fixed mortgage rates to hit new lows this week. On net, the economy added no new jobs last month and was the weakest reading since.

This week we saw record low mortgage rates that we haven’t reached since the beginning of October of this year. Although we’ve seen very low mortgage rates over the last few months, we haven’t seen the same lows of early October until now. Homebuyers should take advantage of these

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The average interest for 30-year fixed-rate mortgages is nearing 4% again. These are low-interest loans that allow homeowners to borrow against their equity by replacing their existing mortgage.

Mortgage rates hit the lowest levels in nearly a year as of yesterday afternoon. Strong economic data is generally an enemy to low interest rates, but the impacts vary widely depending on the.

Mortgage rates again hit new low for 2017 | 2017-06-01. – Mortgage rates hit a new low in 2017 for the second consecutive week even as the rate for five-year adjustable-rate mortgages increased. "The 30-year mortgage rate remained relatively flat.