Mortgage Rates Reach 16-Month Low

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Freddie Mac, the mortgage company, reported Thursday that average rates on 30-year fixed-rate mortgages dropped to 5.19 percent, down from the year’s previous low of 5.47 percent, set last week.

After five weeks of declines, mortgage rates are at their lowest levels in 16 months. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 3.99.

Mortgage Rates Reach 16-Month Low June 10, 2019 2:12 pm. After five weeks on the decline, mortgage rates in the U.S. have finally reached their lowest point in 16 months. If you have been considering a home purchase or refinance, now is an excellent time to make the jump!

Mortgage rates have been drifting downward since the end of 2018, and have now reached a 16-month low.

 · Bankrate: Mortgage Rates Sink to 16-Month Low By Published: Oct 9, 2014 7:30 a.m. ET. Share NEW YORK, Oct. 9, 2014 /PRNewswire/ — Mortgage rates were.

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Mortgage Rates Reach 16-Month Low June 10, 2019 2:16 pm. After five weeks on the decline, mortgage rates in the U.S. have finally reached their lowest point in 16 months. If you have been considering a home purchase or refinance, now is an excellent time to make the jump!

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last year are still being felt, lower mortgage rates and a strong job market should rekindle demand for the spring homebuying season. news Facts 30-year fixed-rate mortgage (FRM) averaged 4.37 percent with an average 0.4 point for the week ending February 14, 2019, down from last week when it.

The average mortgage loan rate for a conforming 30-year fixed-rate mortgage decreased from 4.30% to 4.20%, the lowest rate since June of 2013. The rate for a jumbo 30-year fixed-rate mortgage dropped.

Homes in the city got further out of reach for most residents. many have to spend a large part of their monthly income on.

A 15-year mortgage on the same home means a payment of $1,756.67. The 5/1 Hybrid adjustable-rate mortgage – also trending down – is the lowest payment, at $1,088.02.