Mortgage rates drop to 16-month low

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Mortgage Rates Drop to a 16-Month Low. May 23, 2019 Loans & Mortgages 0. Facebook Twitter Google+ LinkedIn. Interest rates on U.S. 30-year and 15-year fixed-rate mortgages decreased to their lowest levels in 16 months in step with lower U.S. bond yields amid worries about trade tension between.

Mortgage rates have been drifting downward since the end of 2018, and have now reached a 16-month low.

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It’s more affordable to buy a house today as mortgage rates have dropped to a 16-month low. According to Freddie Mac, the 30-year fixed rate mortgage declined to 3.99%, and 3.46% for a fifteen-year fixed rate, both with an average half a point.

Mortgage rates drop to two-year low! With home loan rates the lowest they’ve been in a while, now is a great time to buy a home or refinance your existing mortgage. Choose the loan that’s right for you.

The average interest rate for a 30-year, fixed-rate home mortgage this week dipped to 7.67 percent, not including points or fees. That compares with 7.78 percent last week and 7.37 percent a year ago.

We can offer conventional mortgage rates as low as 4.25% on a 30 year fixed rate conventional mortgage loan as of 05/02/2019 If you currently have an FHA loan and are thinking of eliminating your FHA mortgage insurance premium, this might be the time to explore the idea of refinancing your FHA into a conventional loan.

Mortgage Rates Drop to 20-Month Lows Fixed mortgage rates fell to their lowest levels in 20 months this week, with the average on 30-year fixed-rate mortgages dropping to 3.63 percent, according to today’s weekly rate report from Freddie Mac.

According to Freddie Mac, the 30-year fixed rate mortgage declined to 3.99%, and 3.46% for a fifteen-year fixed rate, both with an average half a point. This is the first time rates have dropped.

Higher prices were offset by exceptionally low interest rates, however. The average 30-year mortgage rate is 3.84% this week, down from 4.57% a year ago, according to Freddie Mac. “Although increased.