Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit ‘lowest level’ since 2017

According to Freddie Mac’s latest Primary Mortgage Market Survey, the U.S. 30-year fixed mortgage rate dropped to a year-to-date low for the third consecutive week in 2017. Sean Becketti, chief economist of Freddie Mac says, "The 10-year Treasury yield fell 9 basis points this week, reaching a new 2017-low for a second consecutive week.

The drop in mortgage rates continues to stimulate the real estate market and the economy. Home purchase demand is up five percent from a year ago and has noticeably strengthened since the early summer months, while refinances surged to their highest share in three and a half years.

According to Freddie Mac’s June 2018 Primary Mortgage Market Survey, U.S. mortgage rates declined over the past week and have now retreated in four of the past five weeks. Sam Khater, Freddie Mac’s chief economist, says mortgage rates have settled down and stabilized these last two months.

U.S. long-term mortgage rates fell sharply this week, with the benchmark 30-year loan touching its lowest level since november 2016. financial markets around the globe have been whipsawed by anxiety over the U.S.-China trade war, sending investors fleeing from stocks to the safety of bonds and pushing

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WASHINGTON – Long-term U.S. highest levels since 2014. Mortgage giant Freddie Mac said last week that the rate on 30-year fixed-rate loans jumped to an average 4.30 percent from 4.16 percent the.

Freddie Mac news facts 30-year fixed-rate mortgage (FRM) averaged 4.55 percent with an average 0.5 point for the week ending. quarter and down 15 percent from a year ago to the lowest level since.

McLEAN, VA — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey SM (PMMS SM) in which the 30-year fixed-rate mortgage (FRM) averaged 5.71 percent, with an average 0.7 point, for the week ending May 19, 2005, down from last week when it averaged 5.77 percent.Last year at this time, the 30-year FRM averaged 6.30 percent.

Mortgage Rates for Long-Term Loans Hit Record Low in 2017. This is according to the The Washington Post report yesterday, September 7. Average 30-year fixed rates dropped 0.04 on a week-over-week comparison, according to Freddie Mac. From 3.82 percent in the week prior, it is now at 3.78 percent low. It is also 0.52 percent down from 2017’s peak in March, at 4.3 percent.

Letter: Rye City School District Tax Collection Falls Flat School districts across the region are crafting their budgets for next year. Review your school’s budget proposal before going out to the polls on Tuesday, May 15. Most polling places open at noon and.