It’s the lowest 30-year rates have been since late May 2013 and a full three-quarters of a percent below what 30-year mortgages were averaging one year ago this week. The average on 15-year fixed-rate mortgages also fell this week to its lowest point over the same 20-month stretch, dropping to an average of 2.93 percent.
Mortgage rates have fallen sharply despite the Federal Reserve’s recent decision to raise the short-term rate it controls for the first time since 2006. As of today mortgage rates are approaching the best levels seen since April of 2013.
Mortgage rates today, March 26, 2018, plus lock recommendations On March 26, 2018 the TrueCast price model began projecting a trend change favoring higher prices and lower rates would develop during the week of May 14, 2018. Rates set the high for the year-to-date on May 16th and plummeted 25 basis points over the next two weeks.
· With investors stashing money in safe assets such as long-term bonds, the yield on the 10-year Treasury tumbled to 2.39 percent – its lowest level since December 2017. It has dropped 37 basis.
Mortgage rates reached a new low for 2014 this week at 3.89% for a 30-year fixed-rate mortgage. Average weekly rates are now at their lowest level since May 30, 2013, according to the Primary.
Long-term mortgage rates hit lowest level since May 2013. – On the back of "underwhelming" economic news, the average rate for the popular 30-year fixed-rate mortgage just dropped to 3.89%, the lowest reading since May 2013, according to a Thursday.
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The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances (3,100 or less) decreased to 4.96 percent, the lowest level since September, from 5.08 percent, with points increasing to 0.48 from 0.44 (including the origination fee) for loans with 20 percent down payments.
October 24th, 2013 – Mortgage rates drop to lowest level since June Rates on 30-year fixed-rate mortgages dropped to their lowest level since the end of June, amid speculation that the Fed would delay winding down its stimulus program.
Mortgage Rates Decrease To Lowest Levels Since June 2013 This week mortgage applications increased 5.6% compared to last week. Meanwhile, mortgage rates dropped to rates we hadn’t seen in over a year, according to Freddie Mac.
The standard 30-year fixed-rate mortgage rate dropped to an average of 3.66% this week, down from 3.73% last week. freddie mac notes that this is the lowest rate since May 2013.
That’s down 11 basis points from the previous week. "Mortgage rates fell last week, touching their lowest levels since mid-2013 before edging slightly higher on Monday," said Erin Lantz, vice president of mortgages at Zillow. "This week, markets will look toward Friday’s monthly jobs report and should move upward if the data exceeds expectations.".