Mortgage Rates Are Still Dropping

Dated: 06/11/2017

Views: 104

Home buyers may want to rush to lock in: The 30-year mortgage rate hit its lowest level in nearly seven months this week, Freddie Mac reports.

"The 10-year Treasury yield fell 3 basis points this week,” said Sean Becketti, Freddie Mac’s chief economist. “The 30-year mortgage rate moved in tandem with Treasury yields, falling 5 basis points to 3.89 percent. Mixed economic data and increasing uncertainty are continuing to push rates to the lowest levels in nearly seven months."

Freddie Mac reports the following national averages with mortgage rates for the week ending June 8:

  • 30-year fixed-rate mortgages averaged 3.89 percent, with an average 0.5 point, down from last week’s 3.94 percent average. Last year at this time, 30-year rates averaged 3.60 percent.

  • 15-year fixed-rate mortgages averaged 3.16 percent, with an average 0.5 point, dropping from last week’s 3.19 percent average. A year ago, 15-year rates averaged 2.87 percent.

  • 5-year hybrid adjustable-rate mortgages averaged 3.11 percent, with an average 0.5 point, holding the same average as last week. A year ago, 5-year ARMs averaged 2.82 percent.


Courtesy of Realtor Magazine

#RealEstate        

#AntonioFArcuri

#KellerwilliamsOceanpoint

#KellerWilliams

#Realtor

#Realty

#Broker

#ForSale

#NewHome

#HouseHunting,

#MillionDollarListing

#HomeSale

#HomesForSale

#Property

#Properties

#Investment

#Home

#Housing

#Listing

#Mortgage

#HomeInspection

#CreditReport

#CreditScore

#Foreclosure

#NAR

#EmptyNest

#Renovated

#JustListed

#WantToMove

#HateMyHouse

#BuyMyHouse

Want to Advertise on this Site?

Latest Blog Posts

Mortgage Rates Are Still Dropping

Home buyers may want to rush to lock in: The 30-year mortgage rate hit its lowest level in nearly seven months this week, Freddie Mac reports."The 10-year Treasury yield fell 3 basis points this,

Read More

House Votes To Repeal Key Aspects Of DoddFrank

The House voted on Thursday, mostly along partisan lines, to roll back many of the banking rules under the Dodd-Frank Act of 2010, which increased regulatory oversight of financial institutions.

Read More

Price DROP To 324000

Listed for SALE $324,000518 Boulton Ave, Point Pleasant, NJ 08742MLS #21719170 NO Flood INSURANCE NEEDED. Have you ever wanted to live at the Jersey Shore without having to concern yourself

Read More

Point Pleasant Open House

Have you been looking for that Point Pleasant home. This 3 bed 2 full bath home is only 2.5 miles from the ocean. Close enough to ride your bicycle. Enjoy all the Jersey Shore has to offer in

Read More