Zillow: 30-year FRMs drop for second week in a row

mortgage home loan rates Here are the latest average rates from multiple lenders who display rates on Zillow. These rates are based on a. Credit Union ONE in Michigan holds the key to your ideal home loan. Browse and compare our mortgage options, check rates and apply for a mortgage today.

Mortgage rates move lower – 2nd week in a row June 7, 2018 by admin Leave a Comment The average rate on 30-year FRMs – which have been running at their highest levels since 2011 – was 4.54% this week, down from last week’s 4.56%.

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Thirty-year fixed-rate mortgages (FRMs) have been under 5 percent for 23 weeks in a row, according to data gathered by Freddie Mac. This week, the GSE reports that the average 30-year rate fell again to break the survey’s all-time low, hitting 4.19 percent (0.8 point). Last week, it was 4.27 percent.

For the second week straight, mortgage interest rates declined, according to the latest Freddie Mac Primary Mortgage Market Survey.The report has shown the 10-year Treasury yield rise by 5 basis points for the week ending July 27, 2017 while the 30-year fixed-rate mortgage dropped by 4 basis points to a new low.

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The average contract interest rate for 30-year FRMs backed by the FHA increased to its highest level since July 2015 with a ten basis point-increase to 4.00%, with points increasing to 0.44 from 0.

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Mortgage interest rates slipped for the second week in a row last week, with some rates reaching 2007 lows. According to Freddie Mac’s Primary Mortgage Market Survey the 30-year fixed-rate.

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For the second week in a row, mortgage rates hit new record lows, and for the first time since mid-October 2009, the 15-year fixed-rate mortgage rate is lower than the 5-year adjustable-rate.