Average 30-year mortgage rate rises to 3.52% (10/20/2016)
U.S. mortgage rates have hit their highest level since June, rising from last week’s 3.47%. Most experts, however, don’t expect much change over the short term.
Average 30-year mortgage rate rises to 3.47% (10/13/2016)
The threat of a Dec. short-term interest rate increase pushed mortgage rates higher this week, and most experts think that trend will continue over the short term.
Average 30-year mortgage rate unchanged at 3.42% (10/10/2016)
Mortgage rates didn’t change last week as Hurricane Matthew moved through the state, remaining at their lowest levels since June.
Average 30-year mortgage rate slips to 3.42% (9/29/2016)
Long-term mortgage rates slipped this week to the lowest level since mid-July, and most experts predict they’ll stay low or drop even more over the short term.
Mortgage rate declines to 3.48% (9/23/2016)
Low mortgage rates have combined with an improved job market to bolster demand from possible buyers – but drastically fewer sellers are coming into the market.
U.S. average 30-year mortgage rate declines to 3.44% (9/8/2016)
Continued low rates prompted homeowners to refinance loans – refi’s made up 64% of total mortgage applications last week. The 15-year FRM eased slightly to 2.76%.
Freddie Mac lowers mortgage rate predictions (8/17/2016)
Mortgage experts have long predicted rates would increase “soon,” but once again they appear wrong. Freddie now says low rates may be around for a while yet.
Average 30-year mortgage rate falls to new 2016 lows (7/8/2016)
The financial tumult in Europe drove long-term mortgage rates fell to 3.41%, the lowest level since May 2013 – and most experts think they’ll go even lower.
Mortgage rates in free fall since Brexit vote (6/29/2016)
Skittish investors like long-term bonds, and those bonds back long-term mortgages. While weekly numbers aren’t out yet, daily mortgage reports suggest that the average rate is dropping to a three-year low.
Average rate on 30-year mortgages falls to 3.61% (5/5/2016)
The drop in rates this week – thanks in large part to a Fed decision not to raise interest rates – could entice a few more buyers to enter the market.
Average rate on 30-year mortgage rises to 3.66% (4/28/2016)
The increase from last week’s 3.59% may be temporary, however. Many experts think the Fed’s lack of action on short-term rates this week will also impact FRMs.