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

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WASHINGTON (AP) – Long-term. week as lending standards continue to tighten. The rates on 15-year, fixed-rate mortgages and five-year adjustable-rate mortgages hit the highest level since 2011.

Freddie Mac research reveals that higher rents and home prices are the primary reason behind the eight percent decrease in the homeownership rate among young adults (under age 35) since the rate’s peak in 2004.

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The latest data from Freddie Mac’s Primary Mortgage Market Survey shows that the 30-year fixed mortgage rate just hit its highest mark since December 2016. According to Freddie Mac’s report.

This week's average for a 30-year fixed-rate mortgage is now 3.84%, Maybe it's just the calm before another typhoon hits lending offices and. pushed long-term interest rates lower, resulting in mortgage rates seeing their lowest level since fall 2017," says Sam Khater, Freddie Mac's chief economist.

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That’s because the Fed rate and mortgage rates are not directly linked. A home loan is a long-term financial. the average.

what is a 30 year fixed mortgage rates freddie mac reports dip in long-term mortgage rates, says 30-year average hit lowest level’ since 2017 – Long-term mortgage rates took a dip this week and the news could sit well with U.S. homeowners and people considering. Post navigation

Mortgage Rates Hold Steady October 3, 2019. While mortgage rates generally held steady this week, overall mortgage demand remained very strong, rising over fifty percent from a year ago thanks to increases in both refinance and purchase mortgage applications.

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U.S. long-term mortgage rates fell this week, with the average on the key 30-year loan. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year mortgage. 5, Freddie Mac reports on this week's average U.S. mortgage rates.. The average rate hasn't been that low since October 2016.