Mortgage rates drop to lowest level since 2013

On the back of "underwhelming" economic news, the average rate for the popular 30-year fixed-rate mortgage just dropped to 3.89%, the lowest reading since May 2013, according to a Thursday.

Mortgage rates today, March 8, 2018, plus lock recommendations  · why don’t you refi. instead of paying a ton of extra cash down every month? with 15yr fixed mortgages at 3.5% right now you can likely half your mortgage term and save the interest your looking for without dumping cash into a house that you can’t pull out if you get into financial trouble. another option would be to take the money your saving every month after a refi. and plow more cash.

Long-term mortgage rates hit lowest level since May 2013. – On the back of "underwhelming" economic news, the average rate for the popular 30-year fixed-rate mortgage just dropped to 3.89%, the lowest reading since May 2013, according to a Thursday.

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Rates on 30-year fixed-rate mortgages dropped to their lowest level since the end of June, amid speculation that the Fed would delay winding down its stimulus program. "Mortgage rates slid this.

 · Mortgage Rates Drop to Lowest Level Since January 2018 Posted on June 10, 2019 June 5, 2019 by joseph sobin, real estate broker Which should be good news for anyone in the housing market; an assumption that may be incorrect.

In May 2013, the rate was 3.51 percent. With a $250,000 mortgage, today’s low rates would mean monthly payments of roughly $870 for a person with an excellent credit score.

The #1 shared article for mortgages over the last week is The Wall Street Journal’s post from October 15th: Mortgage Rates Fall To Lowest Level Since June 2013. Mortgage rates hitting a 16-month low last week is causing a stir, at least in social media. Declining interest rates present another good opportunity to buy a home, or refinance a.

The average rate on a 30-year mortgage has jumped this month to the highest level since 2014. Nonetheless, steady hiring and elevated consumer confidence are expected to help underpin housing. New-home sales, tabulated when contracts get signed, account for about 10% of the market.

These low rates mean millions more people can save money by refinancing. The benchmark 30-year fixed-rate mortgage saw a slight uptick this week to 3.95 percent from 3.94 percent, according to.

The benchmark 30-year fixed-rate mortgage saw a slight uptick this week to 3.95 percent from 3.94 percent, according to Bankrate’s weekly survey of large lenders. The big news is the rate tumbled.

U.S. Mortgage Applications Fall in Latest Week The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) decreased to 4.96 percent, the lowest level since September, from 5.08 percent, with points increasing to 0.48 from 0.44 (including the origination fee).

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Mortgage rates increased to their highest level since March last week, leading to the largest single week drop in refinance applications this year. The refinance index has fallen almost 19 percent.