Mortgage rates dropped to a record low

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Mortgages drop to new record low. A basis point is one-hundredth of 1 percentage point. The mortgages in this week’s survey had an average total of 0.35 discount and origination points. One year ago, the mortgage index was 5.16 percent; four weeks ago, it was 4.18 percent.

For the second week in a row, mortgage rates dropped to a new record low. This morning, Freddie Mac reported 3.31 percent with an average 0.7 point as the average on a 30-year fixed-rate mortgage. From Freddie Mac vice president and chief economist frank nothaft: fixed mortgage rates continued to.

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The 30-year fixed mortgage rate [has] decreased [to its] lowest level since November 2016. and has now dropped more than 80 basis points this year. In just the last two weeks, rates have.

They’ve seen the steepest drop. “Record income levels combined with mortgage rates near historic lows mean consumer.

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With the 10-year Treasury yield establishing a new record low this week, mortgage rates have been pulled along for the ride. Mortgage rates are closely related to the yields on long-term Treasuries.

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MORTGAGE costs are plummeting with fixed-rate deals falling to a record low in May thanks to growing competition among lenders, the Bank of England said yesterday. Of these, the market-leading deal for buyers with a 30 per cent deposit is HSBC’s two-year fixed rate of 2.49 per cent, with a 999 fee. This is closely followed by Alliance & Leicester’s 2.64 per cent deal.

Kan points out that the average rate for a 30-year fixed-rate mortgage decreased eight basis points to 3.93%, which is “the.

Current mortgage rates are low, so if you've crunched the numbers and. as the historic low of 3.31% from 2012, but it's still fairly low in historic terms.. The more you're able to put down, the better rate you'll get – and the.

U.S. mortgage rates dropped to a record low, smashing through a previous record set earlier this year, a closely watched mortgage survey showed thursday.interest rates on U.S. 30-year fixed-rate mortgages fell for a fifth consecutive week, averaging 4.71 percent for the.