Industry News

US long-term mortgage rates edge lower

US long-term mortgage rates edge lower; 30-year at 2.71%

Date: 03 Dec 2020
Posted by: Tom Oslund

WASHINGTON (AP) — U.S. long-term mortgage rates edged lower this week, reaching record lows for the 14th time this year against the backdrop of the pandemic-ravaged economy.

Mortgage finance giant Freddie Mac said Thursday the average rate on the 30-year fixed-rate home loan slipped to 2.71% from 2.72% last week. By contrast, the benchmark rate stood at 3.68% a year ago.

The...

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Mortgage rates hang near record lows and offer more dirt-cheap deals

Mortgage rates hang near record lows and offer more dirt-cheap deals

Date: 30 Oct 2020
Posted by: Tom Oslund

https://www.msn.com/en-us/money/realestate/mortgage-rates-hang-near-reco...

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Mortgage rates set another record low, sparking new strength in refinances

Mortgage rates set another record low, sparking new strength in refinances

Date: 09 Oct 2020
Posted by: Tom Oslund

Mortgage rates moved even lower last week after setting multiple record lows in recent months, spurring more borrowers to call their lenders and apply for a refinance, but homebuyers were not quite as motivated. 

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of up to $510,400 slipped to 3.01% from 3.05%, while points decreased to 0.37...

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