The 30-year fixed-rate fell for the third week in a row," said Joel Kan. success reaching the market as we close out the year." Mortgage rates continued to slide this week, falling to their lowest.
Mortgage rates declined modestly this week, but for the fourth week in a row, bringing rates back to mid-June levels.
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· Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
The average rate on a 15-year fixed loan dropped to 3.25% from 3.29% last week. A year ago, the 15-year fixed was 2.77%. Averages for the two most popular hybrid adjustable-rate mortgages were mixed.
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Mortgage rates this week. At the current 15-year fixed rate, you’ll pay $745.21 each month for every $100,000 you borrow, down from $747.23 last week. At the current 5/1 ARM rate, you’ll pay $484.36 each month for every $100,000 you borrow, down from $487.27 last week.
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Mortgage rates saw a slight uptick in the week ending 29 th August. 30-year fixed rates rose by 3 basis points to 3.58% following a 5 basis fall to 3.55% in the week prior. The fall left 30-year.
Mortgage rates will stay around the current 3.6% for 30-year fixed, 3.1% for 15-year. If the trade war relents, we expect that 10-year Treasury notes could rise to the mid-to-upper 2% range.
By Kathy Orton August 17 (Paul J. Richards/AFP/Getty Images) Global and domestic unrest put downward pressure on mortgage rates this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 3.89 percent with an average 0.4 point. (Points are fees paid to a lender equal to 1 percent of the loan.
Total mortgage application volume increased 1.6 percent last week compared with the previous week. Rising interest rates for home loans may be what’s getting borrowers back to their brokers. The.