Mortgage Rates Drop Slightly

Mortgage Rates Drop Slightly

Mortgage rates or interest rates on home loans dropped slightly after last week’s increase, according to mortgage provider freddie mac. releasing the results of its primary mortgage market survey, Freddie Mac said that the 30-year fixed-rate mortgage or FRM averaged 4.

The 15-year FRM also trended down to 2.97% this week, on average, vs. 3.06% last week. It was 3.42% last year this time. Likewise, the 5-year Treasury-indexed hybrid adjustable-rate mortgage dipped to 2.92% this week from 2.97% last week. It averaged 3.1% a year ago this time. Only the 1-year Treasury-indexed ARM was unchanged at 2.46%.

 · The 15-year frm averaged 3.53% with an average 0.4 point, slightly down from 3.57%. A year ago at this time, the mortgage averaged 4.08%.

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30-year fixed-rate mortgage (FRM) averaged 4.10 percent with an average 0.5 point for the week ending May 9, 2019, down from last week when it averaged 4.14 percent. A year ago at this time, the 30-year FRM averaged 4.55 percent.

At the same time, borrowing for revolving products (including credit cards and lines of credit) saw a slight drop. in consumer-level non-mortgage delinquency rates to 6.6% (+21 bps) and.

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Viewing today’s mortgage rates in context. Mortgage rates are near historic lows, but maybe you’ve heard that nagging voice, the one which says "wait just a little longer. Rates can drop.

WASHINGTON (AP) – U.S. long-term mortgage rates were flat to slightly higher this week. The yield on the 10-year Treasury note fell to 2.01% from 2.06% late Tuesday, a sharp drop that likely will.

Mortgage rates plummeted last week. er, sorry. I mean "mortgage rates dropped slightly last week." Either way, average mortgage rates in the country were down a bit – the first drop in six weeks. 30-year fixed went from 3.98 percent to 3.93 percent (with 0.8 point;.

Points for 80% LTV loans fell to 0.34 from 0.37, and the effective rate increased from last week. BUILDER MBA Weekly Survey: Mortgage applications drop 1.4% builder mba weekly Survey: Mortgage.

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Mortgage rates were unchanged to slightly higher today–a claim that utterly boggles the mind of anyone who thought they understood the relationship between bond markets and the mortgage world. ALMOST.

This week mortgage rates dropped slightly compared to the previous week, following a decrease in mortgage applications one week ago. According to Freddie Mac, 30-year fixed-rate mortgages decreased to 3.84% this week compared to 3.85% a week earlier. This rate is.

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