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

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mortgage rates dipped slightly this week, but are on the verge of surging up as December’s rate hike looms on the horizon, according to Freddie Mac’s primary mortgage market survey.

The 30-year fixed rate mortgage dropped to 3.92% for the week ending November 22, 2017. This is down from last week’s 3.95% and down, for the first time in 2017, from last year’s level of 4.03%.

The encouraging reports. Mortgage buyer Freddie Mac says the average rate on 30-year fixed-rate home loans increased to 4.03 percent from 3.97 percent last week. The rate stood at 3.66 percent a.

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Interestingly, most agreed that 30-year fixed rates would average 5.5%. Rates are now at 3.6% according to Freddie Mac.. Late 2019 mortgage rate forecast: 30-year loan: 3.47%.. But they've been relatively steady since late June. on this low interest rate environment with the appropriate long-term.

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 average fee on both 30- and 15-year fixed-rate mortgages was 0.5 point, according to Freddie Mac. Advertisement The average rate for five-year adjustable-rate mortgages fell to 3.52% from 3.60.

U.S. 30-year, 15-year mortgages hit lowest since Nov 2016: Freddie Mac. fall,” Freddie Mac's chief economist Sam Khater said in a statement.. The average 15 -year mortgage rate fell to 3.05% in the latest week, down from 3.20% a week ago.. Reporting by Richard Leong; Editing by Bernadette Baum.

NEW YORK TIMES Average long-term US mortgage rates slid this week to their lowest level since February 2015, luring prospective purchasers during the spring home-buying season. Mortgage buyer Freddie.

Mortgage. The rate lock advisory I’ve had since Monday has served clients well. Rates were higher from July 24 through August 17. During that time, I’d been saying to clients that the next dip.

NEW YORK, May 25 (Reuters) – The average rate on U.S. 30-year mortgages fell to its lowest level since November with a decline in U.S. bond yields on concerns about a delay in federal fiscal stimulus and safe-haven bids for Treasuries, Freddie Mac said on Thursday.