The increase is thanks to a record-setting dip in mortgage rates last week. According to Freddie Mac, the average rate on a. it all comes down to home prices. “Once again, the decline is being.
· Mortgage rates have dropped once again. According to Freddie Mac, the 30-year fixed-rate mortgage average fell for the seventh time in the last nine weeks to 3.73%. That is its lowest level since November of 2016. Just a week ago the 30-year fixed-rate average was 3.84% and this time last year we were sitting at 4.55%.
Mortgage Rates Drop Again. May 9th, 2019 | Loans, Mortgage Rates, News & Commentary, Your Money | Freddie Mac’s Weekly Survey was released this morning with its most recent assessment of the mortgage rate landscape. See the details of their survey below.