Mortgage rates moved lower after two straight weeks of increases, which should allow the housing market to remain strong as we shift into the typically slower fall months. The 30-year fixed-rate mortgage averaged 3.64% during the week ending Sept. 26, falling nine basis points from the previous week, Freddie Mac reported Thursday. In 2019, mortgage rates have […]
Mortgage Rates Fall Sharply as Trade Concerns Mount
Mortgage rates dropped significantly over the past week as concerns related to the ongoing trade dispute with China and the overall health of the economy dominated headlines. The 30-year fixed-rate mortgage averaged 3.6% during the week ending Aug. 8, down 15 basis points from the previous week, Freddie Mac reported Thursday. This is the lowest mortgage […]
Mortgage Rates Slump to 2-Year Low—but Consumers May Not Bite
Rates for home loans slid as investors snatched up bonds in the wake of an intensifying global trade war. The 30-year fixed-rate mortgage averaged 3.82% in the May 30 week, down from 3.99%, Freddie Mac said Thursday. It was the lowest level since September 2017 for the popular product, and its sixth-straight weekly decline. The 15-year […]