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Sam Khater, Freddie Mac’s chief economist, says the one-two punch of strong job and consumer credit growth drove mortgage rates up to their highest mark since August 2. "Mortgage rates are currently 0.82 percent higher than a year ago, which is the biggest year-over-year increase since May 2014," he said.
· The average rate on the 30-year fixed loan ticked up to 4.52 percent from 4.51 percent a week ago, Freddie Mac said Thursday. It reached its yearly low of.
As of the first week of June, the U.S. weekly average 30-year fixed mortgage rate was 3.82%, the lowest since September of 2017. Low mortgage rates along with a strong labor market will help housing markets post modest growth over the next year and a half.
Freddie Mac said rates on 5/1 ARMs, set at a fixed rate for five years and adjustable in each following year, was 3.54 percent, down from 3.56 percent last week, reaching the lowest level since.
The average interest rate on 15-year mortgages dipped 1 basis point to 3.56% in the latest week, which was the lowest in 14 months, Freddie Mac said. Loan rates on five-year adjustable mortgages.
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Mortgage buyer Freddie Mac said Thursday that the average rate on the key 30-year mortgage dipped to 3.75 percent from 3.81.
Fixed Mortgage Rates Hit All-Time Lows (Again) May 10, 2012 According to Freddie Mac’s latest Primary Mortgage Market Survey , 30-year fixed-rate mortgage rates averaged 3.83 percent (with 0.7 points) for the week ending today, a new all-time low, down from 3.84 percent last week, down from 3.88 percent last month , and versus 4.63 percent a.
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edging toward three-year lows amid signals from Federal Reserve officials that they could cut their benchmark interest rate.
Rates on 30-year fixed mortgages backed off from yearly lows this week, but still remain historically cheap. Mortgage finance company Freddie Mac says the average rate rose to 4.75 percent, up.
Freddie Mac: Rates Rise to Highest Levels of Year.. According to the survey the 30-year fixed-rate mortgage (FRM) jumped to an average of 5.59 percent with 0.7 point.. Low Rates Help Home.
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From Freddie Mac’s weekly survey: The 30-year fixed rate averaged 3.75%, unchanged from last week. The 15-year fixed rate.
· Freddie Mac’s weekly mortgage rate survey shows the average 30-year fixed rate interest rate at 3.44% nationwide, which is close to 60 basis.