Mortgage rates drop to 16-month low

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Mortgage rates reach 16-month low. By R.A. Schuetz. Updated 7:12 am CDT, the average rate for a 30-year fixed-rate mortgage is 4.06 percent, an 18 percent drop from its recent peak in November.

 · U.S. mortgage rates dropped for a fifth week, sending home-loan costs down to their lowest point since the week after the presidential election. The average rate for a 30-year fixed mortgage was 3.97 percent, down from 4.08 percent last week and the lowest since November, Freddie Mac said in a statement Thursday.

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Mortgage Rates Drop to a 16-Month Low. May 23, 2019 Loans & Mortgages 0. Facebook Twitter Google+ LinkedIn. Interest rates on U.S. 30-year and 15-year fixed-rate mortgages decreased to their lowest levels in 16 months in step with lower U.S. bond yields amid worries about trade tension between.

The interest rate for a 30-year, fixed-rate mortgage continued its decline last week, falling further below 4% last week and also falling to a 16-month low, according to a new report from Zillow (Z)..

Fixed mortgage rates sank to a 10-month low this week amid uncertainty about the health of the economy. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate.

Mortgage Rates Drop To 16-Month Low October 23, 2014 As we expected , the average rate for a conforming 30-year fixed-rate mortgage dropped to its lowest point in over a year, down from 3.97 percent to 3.92 percent over the past week and versus 4.13 percent at the same time last year.

It’s more affordable to buy a house today as mortgage rates have dropped to a 16-month low. According to Freddie Mac. Freddie Mac chief economist Sam Khater said the recent drop stemmed in part.

 · The average rate on the popular 30-year fixed has fallen 19 basis points in the past week, from 4.94 percent to 4.75 percent on Thursday, according to.

This is the first time rates have dropped below 4% since January 2018." data-reactid="15>It’s more affordable to buy a house today as mortgage rates have dropped to a 16-month low. According to Freddie Mac , the 30-year fixed rate mortgage declined to 3.99%, and 3.46% for a fifteen-year fixed rate, both with an average half a.

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The NAB and the CBA passed on June’s rba rate cut in full. Westpac will reduce most variable home loan rates, including those.