Freddie Mac: Mortgage rates dip closer to historic lows

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Freddie Mac’s latest mortgage rate forecast contains great news both for homeowners and those wanting to be first-time buyers. The housing market looks to be in Goldilocks mode: not too hot, not.

Mortgage rates remain at near historic lows and, while they do not move in lockstep with. A year ago, it stood at 4.6%,

Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan slipped to 3.55% this week from 3.60% last week.

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Mortgage rates slowly edged down, moving closer to historic lows, according to Freddie Mac’s Primary Mortgage Market Survey. The 30-year, fixed-rate mortgage averaged 4.13% for the week ended July.

Average rates on 15-year mortgages edged slipped four basis points to 3.03%, Freddie Ma The average rate on a 30-year fixed-rate mortgage fell 5 basis points to 3.55%, the lowest since November 2016, in the most recent week tracked by Freddie Mac.

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WASHINGTON (AP) – U.S. long-term mortgage rates fell this week, with the average on the key 30-year loan reaching its lowest point in nearly three years. mortgage buyer Freddie Mac said Thursday that the rate on the 30-year mortgage declined to 3.49% from 3.58% last week. The average rate hasn’t been that low since October 2016.

The 30-year fixed mortgage averaged 4.62 percent for the week ending Dec. 20, down from 4.63 percent the previous week.

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WASHINGTON (AP) U.S. home sales rose 1.3% in August to the highest level in 17 months, as mortgage rates near historic lows.

Freddie Mac: Mortgage rates dip closer to historic lows Brena Swanson is formerly the Digital Reporter for HousingWire. Brena joined the HousingWire news team in February 2013, also serving in the.

The record low is 2.63 percent. The 30-year fixed mortgage rate averaged 3.66 percent this year, Freddie Mac said, the lowest annual average in 65 years.

Since the beginning of May, with the exception of a small dip last week, rates have been climbing, hitting 3.93% last week, according to Freddie Mac. Even with mortgage rates likely to trend higher.

The 30-year fixed-rate mortgage averaged 3.6% during the week ending Aug. 15, unchanged from the previous week, Freddie Mac reported.