Kathy Orton, The Washington Post Published 7:31 am PDT, Thursday, August 8, 2019 Driven down by worries about a trade war with China, mortgage rates have sunk to multiyear lows. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 3.6% with an average 0.6 point. (Points are fees paid to a lender equal to 1% of the loan amount and are in addition to the interest rate.) It was 3.75% a week ago and 4.59% a year ago. The 30-year fixed rate, which hasn't been this low since November 2016, has fallen nearly a full percentage point since the first of the year. The 15-year fixed-rate average dropped to 3.05% with an average 0.5 point. It was 3.2% a week ago and 4.05% a year ago. The five-year adjustable rate average declined to 3.36% with an average 0.3 point. It was 3.46% a week ago and 3.90% a year ago. "Mortgage rates fell to fresh multiyear lows this week as intensifying trade tensions rattled markets," said Matthew … [Read more...] about Mortgage rates plunge to their lowest levels in 33 months
Best 15 year mortgage rates refinance
By Holden Lewis of NerdWallet Published July 13, 2019 Personal Finance NerdWallet.com Facebook Twitter Comments Print video MBS Highway CEO on mortgage rates: We’re going to see the lowest rates we have ever seen MBS Highway founder & CEO Barry Habib gives his take on the U.S. housing market and explains why Americans should refinance their homes. Mortgage rates have fallen so much lately that millions of homeowners might benefit by refinancing — even if they bought a home just last year. A typical refinancer could save more than $150 a month. Continue Reading Below Some homeowners have gotten the message: Refinance applications have almost doubled compared to a year ago, according to the Mortgage Bankers Association. But many homeowners might be unaware that mortgage rates have declined so dramatically that they could save money by refinancing. MORE FROM FOXBUSINESS.COM IT'S PEAK MOVING SEASON: SHOULD YOU RENT OR BUY? … [Read more...] about Good time to refinance your mortgage?
Published June 04, 2019 Personal Finance Bankrate.com Facebook Twitter Comments Print video Fed’s interest-rate decision may help mortgage rates Bankrate chief financial analyst Greg McBride and Wilmington Trust chief economist Luke Tilley on how the Federal Reserve’s decision to leave interest rates unchanged will affect mortgage and credit card rates. The average interest for 30-year fixed-rate mortgages is nearing 4 percent again, ushering the way for millions more homeowners to save money by refinancing. Continue Reading Below The recent drop in rates means that 5.9 million people can potentially save money by refinancing their existing home loans and securing a lower rate -- two million more than last month, according to a new report by Black Knight. The combined savings totals $1.6 billion, or an average of $271 per person per month. MORE FROM FOXBUSINESS.COM... HOMEBUYERS ARE INCREASINGLY MAKING THIS DANGEROUS … [Read more...] about As mortgage rates plunge, should you refinance?
Kathy Orton, The Washington Post Published 7:39 am PST, Thursday, January 3, 2019 For more than a month, mortgage rates have been in a free fall. Stock market volatility, global trade worries and the government shutdown are pushing rates down to their lowest levels since August. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dropped to 4.51 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.55 percent a week ago and 3.95 percent a year ago. The 30-year fixed rate has gone down 43 basis points in less than two months. (A basis point is 0.01 percentage point.) The 15-year fixed-rate average slipped to 3.99 percent with an average 0.4 point. It was 4.01 percent a week ago and 3.38 percent a year ago. The 15-year fixed rate fell below 4 percent for the first time since early September. The five-year adjustable rate average slid to 3.98 percent with an average … [Read more...] about Mortgage rates continue five-week slide, plunging to levels not seen in more than four months
Kathy Orton, The Washington Post Published 7:47 am PST, Thursday, November 15, 2018 Investors' jitteriness kept a lid on mortgage rates this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average held steady at 4.94 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was unchanged from a week ago and up from 3.95 percent a year ago. The 15-year fixed-rate average rose to 4.36 percent with an average 0.4 point. It was 4.33 percent a week ago and 3.95 percent a year ago. The five-year adjustable rate average also didn't move, remaining at 4.14 percent with an average 0.3 point. It was 3.21 percent a year ago. "Despite recent market volatility, mortgage rates remained steady this week," Sam Khater, Freddie Mac's chief economist, said in a statement. "The stability in mortgage rates reflects the moderation in inflationary pressures in the economy due to lower oil prices … [Read more...] about Mortgage rates plateau amid stock market fluctuations