30-Year Mortgage Rates Fall to Two-Year Lows

. 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,

Mortgage rates showed little change this week as investors continued to shy away from mortgage-backed securities. According.

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Average interest rates on 30-year fixed-rate mortgages fell to their lowest level in two and a half months this week, according to figures released The drop in rates could give a spur to mortgage lending, which Bloomberg reported fell last week to its lowest level in 17 years, largely due to sharply.

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Mortgage rates followed the yield on the key 10-year treasury note, which fell. Bond yields for Treasury bonds were pushed lower by the increase in The yield on the 10-year Treasury note slipped to 2.27 percent Wednesday from 2.29 percent a week earlier. It eased in trading Thursday morning to.

Thirty-year FRMs are often best if you expect to be in your home for 10 or more years. Fully amortizing, 30-year fixed-rate mortgages are the king of the American mortgage market, favored by those both buying homes and refinancing them even in times of relatively high interest rates.

Mortgage rates continue their relentless decent down as average 30 year mortgage rates hit a new low for 2016. Average mortgage rates moved sharply lower the past several weeks, following 10 year U.S. Treasury yields lower. Current 30 year rates are a mere 12 basis points above the all-time record low set in the fourth quarter of 2012.

NEW YORK (CBS.MW)– It?s official: 30-year mortgage rates are at a two-year low, marking a trend that is likely to assure another banner year for housing sales and mortgage originations. freddie mac on Thursday announced that rates for a 30-year fixed mortgage dropped in the latest weekly survey.

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The average rate on 30-year fixed mortgages dropped to 5 percent as turmoil in the Middle. after a homebuyers’ tax credit expired last year and as more properties fall into the foreclosure pipeline.

Mortgage rates declined last week to their lowest level in 2017, a move that could help fuel buyer demand at a time when the supply of homes already is under strain. The rate for a 30-year mortgage fell to 3.88% in the week ended Thursday, down from a week earlier when it averaged 3.9%.