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Average mortgage rates dropped for the seventh time in the last nine weeks following news from the Federal Reserve of a possible near-term rate cut, according to Freddie Mac. The 30-year fixed-rate mortgage fell to its lowest level since November 2016.
Mortgage rates were flat today, which is a victory considering the big jobs report was stronger than expected. Typically, labor market strength–especially when seen in this particular report–is bad.
Mortgage rates are dropping to fresh lows. July could provide some of the lowest rates seen in over 2 years. This is the chance mortgage rate shoppers have been waiting for.
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Mortgage rates moved lower at their best pace in several weeks today, with the average lender making it back to levels not seen since April 12th. The gains were bigger than normal for two reasons..
"By shopping around and getting a single additional mortgage rate quote, a borrower can save an average of $1,500." Freddie Mac reports the following national averages with mortgage rates for the week ending June 6: 30-year fixed-rate mortgages: averaged 3.82%, with an average 0.5 point, falling from last week’s 3.99%.
While your mortgage is paid monthly, interest is calculated daily. So, if you withdraw your savings. £15,000 in a savings.
View today’s mortgage interest rates and recent rate trends. Check rates today and lock in your rate.. Keep in mind that current mortgage rates change daily, even hourly.. Bankrate.com is an.
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Thanks to lower mortgage rates and rising incomes, housing affordability is actually up for the first time in years. And in five lucky cities, it’s up quite considerably.