Freddie Mac recently released the results of its Primary Mortgage Market Survey®, which showed that the 30-year fixed rate mortgage is averaging 2.86 percent—the lowest in survey history, which goes back to 1971.
Here’s the breakdown:
30-Year Fixed-Rate Mortgage
Averaged 2.86 percent with an average 0.8 point ...
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It's common knowledge that the interest rates on real estate loans have plummeted.
3 Reasons to Refinance
I can’t understand why lenders aren’t doubling their workforces. Why isn’t almost everybody refinancing these days? Sure, there are legit reasons not to refinance. In fact, I’ve advised many of my clients ...
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U.S. mortgage rates were essentially unchanged this week remaining near historic lows, according to Freddie Mac.
The 30-year fixed mortgage rate averaged 2.93 percent for the week ending Sept. 3 — up slightly from a rate of 2.91 percent last week. A year ago, mortgage rates stood ...
View More![Mortgage Rates Fall Below 3% [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2020/07/16135712/20200717-MEM-1046x1308.jpg)
Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below):
![Interest Rates Hover Near Historic All-Time Lows [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2020/05/21093649/20200522-MEM-1046x837.png)
With interest rates hitting all-time lows over the past few weeks, many homeowners are opting to refinance. To decide if refinancing your home is the best option for you and your family, start by asking yourself these questions:
There are many reasons to refinance ...
Spring is right around the corner, so flowers are starting to bloom, and many potential homebuyers are getting ready to step into the market. If you’re thinking of buying this season, here’s how mortgage interest rates are working in your favor.
Freddie Mac explains:
“If you're in ...
If you’re looking to buy a home in 2020, have you thought about putting your tax refund toward a down payment? Homeownership may be one step closer than you think if you spend your dollars wisely this year.
Based on data released by the Internal Revenue Service (IRS), Americans can expect an ...
BY: Alcynna LLoyd
This week, the average U.S. fixed rate for a 30-year mortgage came in at 3.68%. Although this rate is left unchanged from last week’s percentage, it’s still more than a percentage point below the 4.75% of the year-earlier week, according to the Freddie Mac ...
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