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Freddie Mac: Mortgage rates fall even lower

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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.

While the industrial and trade related economic data continues to dominate the news, the drop in mortgage rates over the last two months is already being felt in the housing market.

Multifamily construction pushes housing starts February was not a great month for housing starts in the U.S. They fell 7 percent compared to January thanks to weaknesses in multifamily construction, hitting an annual rate of about 1.2 million,

The most recent Freddie Mac. mortgage bond market, who will find their money getting returned to them sooner than they had.

Wall Street is gearing up for the Trump administration’s plan to reform Fannie Mae and Freddie Mac and the possibility. essential to the 30-year fixed-rate mortgage market in that they.

Mortgage rates showed little change heading into the Federal Reserve meeting. But now that the central bank has revised its.

The average rate is .72 points lower than that of a year ago, and 1.12 points lower than the most recent peak in average rates in November, according to Freddie Mac’s most recent rate survey.

even if there are defaults and losses on the underlying loans. In return. 1 Some mortgages not meeting Fannie Mae or Freddie Mac's underwriting.. Following the decrease in conforming mortgage rates in late 2008, mortgage originations.

Global and domestic economic concerns continue to drive down mortgage rates. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 4.28 percent with an average 0.4 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.)

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Mortgage rates continued to trend lower, following declining Treasury yields, the latest Primary Mortgage Market Survey from Freddie Mac said. The 30-year fixed-rate mortgage averaged 3.79% for the.

Despite the increase, a record 82% of renters say renting is more affordable than owning, according to a new survey from.

The 30-year fixed-rate mortgage averaged 3.82% in the June 6 week, down from 3.99%, Freddie Mac said Thursday. When bond.

Mortgage rates showed little change heading into the Federal Reserve meeting. But now that the central bank has revised its stance, they could be headed lower. According to the latest data released.

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