Mortgage Rates Are Still Dropping

Dated: 06/11/2017

Views: 120

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

Whats Ahead For Mortgage Rates This Week September 25 2017

Whats Ahead For Mortgage Rates This Week September 25 2017Last week’s economic news included readings on housing starts, building permits issued and sales of pre-owned homes. The Fed’s Federal

Read More

DIY Home Projects Creating A Study Space That Will Help Your Children Stay Focused

DIY Home Projects: Creating a Study Space That Will Help Your Children Stay FocusedIf you’re a parent of school-aged children, you’ve likely been concerned with their study habits at some point.

Read More

The NAHB Reports Builder Confidence Dropped After Hurricanes Harvey And Irma

NAHB: Builder Confidence Dips on Hurricane DamageHome builders had less confidence in housing market conditions in September. In the aftermath of Hurricanes Harvey and Irma, builders worried that

Read More

What Your Down Payment Should Be

How Much Is the Right Amount to Commit to Your Down Payment? Let’s Take a LookAre you thinking about buying a new home? If you are going to take out mortgage financing, one consideration you will

Read More