Fixed mortgage rates hit 50-year lows: Freddie Mac

Mortgage rates change frequently and over the last 45 years they have ranged from a high of 18.63% to a low of 3.31%. While it’s not likely that the average 30-year fixed mortgage rate will return to the all-time record low of 3.13%, average rates are still low compared to almost any year since 1971 – all to the advantage of today’s.

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Interest rates on U.S. 30-year, fixed-rate mortgages fell to a 10-month low in step with lower U.S. bond yields, prompted by concerns about weakening domestic growth and the Federal Reserve.

Mortgage rates dipped slightly during the week ended June 1, with the average rate for a 30-year, fixed-rate mortgage (FRM) falling to 3.94%, down from 3.95% the previous week, according to Freddie.

5-Year Fixed-Rate Historic Tables HTML / Excel Weekly PMMS Survey 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.

NEW YORK (CNNMoney) — Average rates for both 15-year and 30-year fixed mortgages fell to new all-time record lows this week, according to a report released by Freddie Mac Thursday. Borrowers of.

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Fifteen-year fixed-rate mortgages averaged 4.27% this week, a low since Freddie Mac began tracking it in 1991. The mortgage averaged 4.29% last week and 5.77% a year ago.

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The 30-year fixed-rate mortgage (FRM) rate dropped for the sixth consecutive weekly decline and hit its lowest level since September 2017, according to Freddie Mac. The 30-year FRM averaged 3.82 percent for the week ending June 6, down from last week when it averaged 3.99 percent. The 15-year FRM.

Average US 30-year Mortgage Rate Up To 4.20% The average rate on five-year adjustable home loans decreased by 3 basis points to 3.88 percent. It was a quarter point higher than a year earlier, Freddie Mac data showed.

June 17, 2016. Freddie Mac has released a new report showing that mortgage rates have hit their lowest point in a three-year period. Rates for a 30-year fixed mortgage are now 3.54 percent, the lowest they have been since May 2013 when they dropped to 3.51 percent. This is still above the all-time low that the industry saw in November 2012 when rates hit 3.31 percent.