Mortgage Rates Weekly Update [May 20 2019]

Canadian effective exchange rate []; As part of a periodic exercise to review and update current definitions, the Overnight Money Market Financing Rate (OMMFR) has been updated to provide more clarity on the calculation of this metric, specifically the types of collateral and transactions that are included.

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The average FICO score for closed mortgages (all types) increased to 728 in April, the highest it’s been in at least 16 months, according to Ellie Mae’s Origination Insight Report. In addition, the average time to close a mortgage decreased to 40 days, the lowest its been in at least 16 months.

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Freddie Mac’s Weekly Mortgage Rate Survey (updated 8/15/19) Below are Freddie Mac’s average mortgage rates, updated weekly every Thursday morning. This should give you a decent idea of current mortgage rates, though as mentioned, they’re just averages and your rate may vary considerably depending on the many factors mentioned above.

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Shop mortgage rates from trusted lenders to compare costs. Use our mortgage calculators and find expert mortgage help and money-saving loan tools at HSH.com.

Mortgage Rate Update. As of August 14, 2019, mortgage rates for 30-year fixed mortgages rose over the past week, with the rate borrowers were quoted on Zillow at 3.79%, up three basis points from August 7.

 · Thursday: Freddie Mac reported that mortgage rates fell last week; the average rate for a 30-year fixed rate mortgage fell by six basis points to 3.31 percent with 0.8 percent in discount points. The average rate for a 15-year mortgage was 3.39 percent with discount points of 0.8 percent as compared to last week’s report of 3.41 percent.

Finally, on Friday, we will receive May’s employment report. About 190,000 new jobs are expected for the month, following a strong 263,000 in April. The unemployment rate is expected to remain at 3.6 percent, as the job market remains very strong.

 · How does the stock market and fed decisions impact mortgage interest rates? Contact Vantage today to get your questions answered.

2019/08/22. The latest 20 year mortgage rates. This 20 year mortgage rate is a result of interpolation calculation of standard periods: 30 and 15 years. Standard averaged rates are calculated based on Freddie Mac’s Weekly Mortgage Market Survey. 20 year mortgage rate for last 4 weeks.

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