30-year mortgage rates hit 2017 low: 3.88

The rate. The average rate on the 30-year fixed mortgage has dipped to near its record low, keeping home-buying and refinancing affordable. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.88 percent this week, down from 3.9 percent. In February, the rate hit 3.87.

Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year fixed mortgage dipped to 3.88 percent this week, down from the old record of 3.89 percent one week ago.

Mortgage rates tend to be higher for 30-year loans than 15-year loans. Although your monthly payments will be lower for a 30-year loan, you’ll pay a lot more interest over the long run.

The U.S.-China trade war – which has hit business sentiment and roiled financial. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less.

The average interest rate on a 30-year fixed-rate mortgage has increased. The ultra-low interest rate environment of the last few years is probably over, Yun said. Rates could reach 4.5 percent by.

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According to Freddie Mac’s latest primary mortgage market Survey, the average 30-year fixed mortgage rate in the U.S. dropped to a new 2017 low in late June. Sean Becketti, chief economist of Freddie Mac said, "The 30-year mortgage rate fell 2 basis points to 3.88 percent this week.

US mortgage rates have hit their highest level since 2014, a new challenge for a housing market that has been central to the economic recovery but remains vulnerable to even modest headwinds. The rate.

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30-year mortgage rates hit 2017 low: 3.88% WASHINGTON (AP) – June 29, 2017 – Long-term U.S. mortgage rates were unchanged to lower this week, as the benchmark 30-year rate reached a new low for the year. Mortgage buyer Freddie Mac said Th.

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NEW YORK, Feb 14 (Reuters) – Interest rates on U.S. 30-year, fixed-rate mortgages fell to a 12-month low in step with lower U.S. bond yields on signs of slowing economic growth and the view.