30-year mortgage rates hit 2017 low: 3.88

The 30-year fixed mortgage rate hit a new low for 2017, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS). The 30-year fixed-rate mortgage (FRM) averaged 3.88 percent, down from last week when it averaged 3.90 percent. Nonetheless, it is higher than the 3.48 percent average from one year ago.

Mortgage rates fall; 30-year at 2017 low Sep 1, 2017. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages fell to 3.82 percent from 3.86 percent last week. A year.

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Despite a tight lending market, mortgage rates hit an all time record low reaching an average of 3.8% on a 30-year fixed rate loan, according to Freddie Mac. This beats the previous low of 3.88.

30-Year Mortgage Rates. Whether you’re buying a home or refinancing your current mortgage The most significant drawback of a 30-year fixed-rate mortgage is the amount of interest you’ll pay. *Interest rates differ because 15-year fixed rate mortgages typically have lower interest rates than a.

Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week, offering more incentive for Americans to buy The 15-year mortgage, a popular option for refinancing, dropped to 3.07 percent, also a record. The previous record of 3.11 percent was hit three weeks ago.

Conforming 30 year mortgage rates hit a low of 3.76 percent today, down from last week’s average of 3.81 percent. The latest catalyst driving mortgage rates lower was a weak May jobs report showing job creation of only 138,000 jobs, less than the expected number of 185,000. This news sent bond yields.

Mortgage rates for these loans are low, and often parallel ultra-low VA loan rates. They come with monthly mortgage insurance that is less expensive The next thirty days hold no shortage of market-moving news that will change the current mortgage rates trend. notably, watch for the Fed meeting.

 · WASHINGTON (AP) – The benchmark 30-year mortgage rate is at new low for the year, touching its lowest level since last November. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages fell to 3.86 percent from 3.89 percent last week. It was the fourth straight weekly decline for the key rate, bringing it to its lowest level since Nov. 10, 2016.

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