Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit ‘lowest level’ since 2017

The latest data from Freddie Mac’s Primary Mortgage Market Survey shows that the 30-year fixed mortgage rate just hit its highest mark since December 2016. According to Freddie Mac’s report.

Freddie Mac’s Mortgage Rate Survey Explained. Research Note: Freddie Mac’s Primary Mortgage Market Survey (PMMS) is the longest running weekly survey of mortgage interest rates in the United States. Since Freddie Mac launched its survey in 1971, others have begun collecting and reporting mortgage rate information.

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Opinions, estimates, forecasts and other views contained in this document are those of Freddie Mac’s Economic & Housing Research group, do not necessarily represent the views of Freddie Mac or its management, should not be construed as indicating Freddie Mac’s business prospects or expected results, and are subject to change without notice.

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Mortgage Rates for long-term loans hit Record Low in 2017 October 3, 2017 By CHamler This week, rates for mortgage loans with a 30-year fixed loan term had dropped to its lowest this year.

Interest rates on U.S. 30-year mortgages broke above 4 percent this week, rising to their highest in two months in step with the recent rise in U.S. Treasury yields, Freddie Mac said on Thursday.

First the bad news: That 4.2 percent 30-year fixed mortgage. says Freddie Mac’s Chief Economist, Frank Nothaft. “That’s not to say today’s rates are high. They’re not. Aside from what we.

MCLEAN, VA–(Marketwired – Nov 9, 2017) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS ), showing average mortgage rates falling slightly across the board. News Facts. 30-year fixed-rate mortgage (FRM) averaged 3.90 percent with an average 0.4 point for the week ending November 9, 2017, down from last week when it averaged 3.94 percent.

The Commerce department reports. long-term mortgage rates fell this week. It was the seventh decline in the past nine weeks for the key 30-year, fixed-rate loan, which reached its lowest level.

A year ago, the 30-year fixed loan average was 4.60 percent. On August 2, Chicago-area lenders were charging 3.756 to 3.940 percent, reported RateSeeker.. earlier in the year," said Sam Khater (right), Freddie Mac's chief economist.. 3.5 percent rate would be the lowest mortgage rates have hit since .

Long-term mortgage rates dip; 30-year at 3-year low of 3.49% By: Associated Press September 5, 2019 0 U.S. long-term mortgage rates fell this week, with the average on the key 30-year loan.

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