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Current Mortgage Rates: Interest Rates Drop


Current Mortgage Rates: Interest Rates Drop
Money.com
1/21/2021
© Money; Getty Images
Mortgage-Rate-Weekly-Down
This week, the average rate for a 30-year fixed-rate mortgage decreased by 0.02 percentage points to 2.77% with 0.7 discount points paid, according to Freddie Mac’s benchmark Primary Mortgage Survey.
“Mortgage rates have hovered near historic lows for almost a year, fueling purchase and refinance activity amid a global health crisis,” said Sam Khater, chief economist for Freddie Mac. “We’re now seeing rates fluctuate a bit as political and economic factors drive Treasury Yields higher. However, we forecast rates to remain relatively low this year as the Federal Reserve keeps interest rates anchored near zero for a longer period of time, if needed until the economy rebounds.” ....

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Mortgage Rates Hit 16th Record Low of 2020


Mortgage Rates Hit 16th Record Low of 2020
Money.com
12/24/2020
© Money; Getty Images
Mortgage-Rate-Weekly-Down
This week, the average rate for a 30-year fixed-rate mortgage was 2.66% with 0.70 discount points paid. Rates dropped 0.01 percentage points from the week ending December 17 to set the 16th record low of the year. The last record was set on December 17 and held for a single week. One year ago, the average rate was 3.75%.
“The housing market is poised to finish the year strong as low mortgage rates continue to fuel homebuyer demand and refinance activity,” said Sam Khater, chief economist for Freddie Mac.
The average rate for a 15-year fixed-rate mortgage was down by 0.02 percentage points, averaging 2.19% with 0.5 points paid. The 15-year interest rate for the same week last year was 3.19%. The average rate on a 5-year adjustable-rate mortgage remained unchanged at 2.79% with 0.3 discount points paid. ....

San Francisco , United States , New York , Freddie Mac , Joel Kan , Sam Khater , Us Department Of Agriculture , Veterans Affairs , Federal Reserve , Mortgage Market , Homeowners Association , Ad Practitioners , Department Of Veterans Affair , Housing Administration , Fannie Mae , Mortgage Bankers Association , Getty Images Mortgage Rate Weekly Down , Primary Mortgage Market , Mortgage Bankers , Before March , Federal Funds , Mortgage Insurance , Mortgage Insurance Premium , Mortgage Loan Do You , Federal Housing Administration , Affairs Loans ,

Mortgage Rates Hit 15th Record Low of 2020


Mortgage Rates Hit 15th Record Low of 2020
Money.com
12/17/2020
© Money; Getty Images
Mortgage-Rate-Weekly-Down
This week, the average rate for a 30-year fixed-rate mortgage was 2.67% with 0.70 discount points paid. Rates dropped 0.4 percentage points from the week ending December 10 to set the 15th record low of the year. The last record was set on December 3 and held for two weeks. One year ago, the average rate was 3.73%.
“Mortgage Rates are at record lows and pushing many prospective homebuyers off the sidelines and into the market,” said Sam Khater, chief economist for Freddie Mac. “Homebuyer sentiment is sanguine and purchase demand shows no real sign of waning at all heading into next year.” ....

San Francisco , United States , New York , Freddie Mac , Joel Kan , Sam Khater , Us Department Of Agriculture , Veterans Affairs , Federal Reserve , Mortgage Market , Homeowners Association , Department Of Labor , Ad Practitioners , Department Of Veterans Affair , Housing Administration , Mortgage Bankers Association , Fannie Mae , Getty Images Mortgage Rate Weekly Down , Primary Mortgage Market , Mortgage Bankers , Before March , Federal Funds , Mortgage Insurance Premium , Mortgage Loan Do You , Federal Housing Administration , Affairs Loans ,

Record Low Mortgage Rates Stick for Another Week


Record Low Mortgage Rates Stick for Another Week
Money.com
12/10/2020
© Money; Getty Images
Mortgage-Rate-Weekly-Down
Despite rising Treasury yields, mortgage interest rates stayed at the record low for another week, according to Freddie Mac’s weekly Primary Mortgage Market Survey.
For the week ending December 10, the average rate for a 30-year fixed-rate mortgage was 2.71% with 0.70 discount points paid. Thats’s steady with the previous week, when rates declined to the 14th low of the year. One year ago, the average rate was 3.73%.
“Mortgage rates remain at record lows, resisting their typical correlation to Treasury yields, which have recently been moving higher,” said Sam Khater, chief economist for Freddie Mac. ....

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