Mortgage Rates Drift Down to One Month Lows

bankrate: mortgage rates drift Lower – Again. with the benchmark 30-year fixed mortgage rate retreating to a four month low of 3.57 percent, according to Bankrate.com’s weekly national survey.

Sam Khater, Freddie Mac’s chief economist, says, "The combination of cooling inflation and slower global economic growth led mortgage rates to drift down to the lowest levels in a year. While housing.

Mortgage rates were slightly lower for the 3rd straight business day, but not for any particular reason. Because of the relatively narrow range, rates are now technically as low as they’ve been since July 25th for the average lender. There are major caveats though.

Rates for home loans lurched to a fresh 2017 low, trailing bond yields in the wake of new geopolitical fears and lingering monetary stimulus, mortgage provider Freddie Mac said Thursday.. The 30.

Opinions, estimates, forecasts and other views contained in this document are those of Freddie Mac’s Economic & Housing Research group, do not necessarily represent the views of Freddie Mac or its management, should not be construed as indicating Freddie Mac’s business prospects or expected results, and are subject to change without notice.

While mortgage rates have been creeping higher, they’re still at almost record lows. Now, with the May 1 announcement. A.

Trade worries seen pushing U.S. mortgage activity to one-month low.. a trade war with China were some of the main factors that kept mortgage rates low last week," Joel Kan, MBA’s associate.

The 10-year Treasury yield, which mortgage rates typically track, fell to a 20-month low of 2.22 percent on Wednesday, according to a report from Marketwatch. That’s down from its most recent.

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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.

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The average rate on a 30-year fixed mortgage has been trending down since November, falling with Treasury yields. It was at 4.31 percent earlier this month, down from 4.94 percent a little before.

How Credit Scores Impact Mortgage Rates What is a credit score? To understand how credit scores affect your mortgage rate, first, you need to understand what a credit score is. A credit score is a number determined by credit reporting agencies that tells lenders how much of a risk you are for borrowing money.

U.S. Economy News | Seeking Alpha – Following yesterday’s rough afternoon action, U.S. stock index futures are pointing to more losses this morning, with the S&P 500 down 0.6% and Nasdaq 100 down 0.8%. Europe’s lower by 1.4% at.

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