Mortgage Rate Articles

Mortgage rates drop to lowest level since 2013

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Fixed Mortgage Rates Hit Lowest Level Since June 2013 By Rachel Stults | Oct 23, 2014 After dipping below 4% last week, fixed mortgage rates hit fresh lows for the year-and analysts predict more.

Fixed mortgage rates fell to their lowest levels in 20 months this week, with the average on 30-year fixed-rate mortgages dropping to 3.63 percent, according to today’s weekly rate report from Freddie Mac. It’s the lowest 30-year rates have been since late May 2013 and a full three-quarters of a percent below what 30-year mortgages were.

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This week mortgage applications decreased 0.6% compared to last week while all mortgage rates have decreased to their lowest level since June 2013. After four months of high mortgage rates, this week, according to Freddie Mac, all mortgage rates have decreased to the lowest level we have seen since.

Nothaft, Freddie Mac vice president and chief economist, attributed the drop in mortgage rates to March’s weak employment. fell by almost 14 percent, to their lowest level since February 2013. On.

Interest rates are at their lowest levels in years. That’s because the 10-year Treasury note yield fell to 1.46 percent on July 1, 2016. Investors fled from European investments after Great Britain voted to leave the European Union.

Mortgage rates skidded last week to the lowest level in a year. Housing activity has been lackluster since the summer, with new-home sales falling in January. Rates would have to drop significantly.

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Concerns about the strength of the global economy plus the Federal Reserve’s decision this week to keep interest rates from rising have driven mortgage rates to the lowest level since May 2013.

Mortgage rates continue to drop U.S. savings rate hits lowest level since 1933 – Business – Stocks. – Americans' personal savings rate dipped into negative territory in 2005, The Commerce Department reported Monday that the savings rate fell into negative territory at minus 0.5 percent, meaning. past five years is beginning to quiet down with the rise in mortgage rates.. 2013 The Associated Press.