Average US 30year Mortgage Rates Fall

Average US 30year Mortgage Rates Fall

Average U.S. 30-year mortgage rates fall to 4.52%

WASHINGTON (AP) – July 6, 2018 – Long-term U.S. mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers.

Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages dropped to 4.52 percent from 4.55 percent a week ago. Rates have declined in five of the past six weeks. Still, the average rate has increased from a year ago when it stood at 3.96 percent.

The average rate on 15-year, fixed-rate loans slipped to 3.99 percent from 4.04 percent a year ago.

Mortgage rates have declined as investors have bought 10-year U.S. Treasury notes, causing their yield to decline. The yield peaked in May at 3.11 percent and has since dipped to 2.83 percent as the financial markets have sought a haven amid risks of a trade war.

Despite the recent declines, long-term loan rates remain near their highest levels in seven years. The average 30-year mortgage rate reached a high this year of 4.66 percent on May 24; the 15-year rate hit 4.15 percent that day.

To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week.

The average doesn't include extra fees, known as points, which most borrowers must pay to get the lowest rates. The average fee on 30-year fixed-rate mortgages was unchanged from last week at 0.5 point.



Michele Jones Headshot
Author:
Phone: 813-428-0048
Dated: July 9th 2018
Views: 264
About Michele: Thank you for allowing us the opportunity to earn your business! If you're thinking of buying or sel...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Flas Housing Market Continues Positive Track In 2Q - Fla.’s housing market continues
Pending Home Sales Head Back Up - INFO THAT HITS US WHERE WE LIVE...
5 Affordable Home Improvements That Will Save You Energy This Summer - We all want to save on energy.
Average US 30year Mortgage Rates Fall - Average U.S. 30-year mortgage

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

SKL Real Estate Team with Keller Williams
109 Harbor Village Lane
Apollo Beach, FL
813-756-1901
813-641-8315