30-year fixed-rate mortgage (FRM) averaged 3.82 percent with an average 0.5 point for the week ending June 6, 2019, down from last week when it averaged 3.99 percent. A year ago at this time, the 30-year FRM averaged 4.54 percent.
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On Thursday, Freddie Mac reported 3.75 percent with an average 0.5 point as the average for a 30-year mortgage, down six.
. term mortgage rates fell this week to a 10-month low, spurring on potential homebuyers for the upcoming season. mortgage buyer freddie mac said Thursday the average rate on the benchmark 30-year,
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The 30-year fixed-rate average for this week is 1.05 percentage points below the 52-week high of 5.10 percent, and is 0.11 percentage points greater than the 52-week low of 3.94 percent.
Per Freddie Mac’s latest Primary Mortgage Market Survey, the average U.S. 30-year fixed-rate mortgage for the week ended Jun 6 declined 17 basis points (bps) to 3.82% from a week ago, marking the.
US mortgage rates fall to 3-month low; 30-year at 4.63 pct. FILE- In this Nov. 28, 2018, file photo a realtor sign hangs in front of a home for sale in Pittsburgh.
Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage eased to 4.41 percent from 4.46 percent last week. Despite the declines in recent weeks, home borrowing rates are above last year’s levels. The key 30-year rate averaged 4.32 percent a year ago.
The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. The average fee on 30-year fixed-rate mortgages was unchanged this week at 0.4 point.
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Interest rates on U.S. 30-year, fixed-rate mortgages fell to a 10-month low in step with lower U.S. bond yields, prompted by concerns about weakening domestic growth and the Federal Reserve.
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Interest only mortgage rates are commonly 1% higher than 30-year rates. The Best Time to Get a 30-year Mortgage. The best time to get a 30-year mortgage is when interest rates are low. Interest rates tend to fluctuate significantly over time. Recently average 30-year rates were below 4%, but prior to the recession were above 6% and were as high as 18.45% in October of 1981.