• US average mortgage rates fall; 30-year loan at 4.75%

    9 days ago - By Chron

    WASHINGTON - U.S. long-term mortgage rates fell this week amid a steep decline in stock prices.
    Continued slides in the stock market and tumbling oil prices have been pushing mortgage rates lower, although home borrowing rates remain much higher than a year ago. Mortgage giant Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage dipped to 4.75% from 4.81% last week. The key rate stood at 3.94% a year ago.
    The rate on 15-year fixed-rate loans declined to 4.21% from 4.25% the previous week.
    The fall in mortgage rates "is a welcome relief to prospective...
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  • US average mortgage rates fall; 30-year loan at 4.75%

    9 days ago - By Chron

    WASHINGTON - U.S. long-term mortgage rates fell this week amid a steep decline in stock prices.
    Continued slides in the stock market and tumbling oil prices have been pushing mortgage rates lower, although home borrowing rates remain much higher than a year ago. Mortgage giant Freddie Mac says the average rate on the benchmark 30-year, fixed-rate mortgage dipped to 4.75% from 4.81% last week. The key rate stood at 3.94% a year ago.
    The rate on 15-year fixed-rate loans declined to 4.21% from 4.25% the previous week.
    The plunge in global stock markets, which have been roiled by trade...
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  • Mortgage rates are down significantly over the past three weeks

    9 days ago - By Washington Post

    The 30-year fixed-rate average has fallen 23 basis points in three weeks to 4.71 percent.
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