Home Loan News

Mortgage Interest Rates Fall For Fifth Straight Week

Mortgage rates for most U.S. home loans have fallen for the sixth straight week, although a majority of analysts predict rates will start to increase soon with the upcoming release of the latest.

WASHINGTON (AP) – U.S. long-term mortgage rates fell for the fifth consecutive. to pound stock prices this week in a continued volatile market. The U.S. stock market was on track Thursday afternoon.

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While the days of 3.5 rates may be in the distant past, there is still reason to celebrate if you are a potential home buyer right now. Rates fell for the 5 th week in a row, putting fixed mortgage rates at 4.3, which is the lowest they have been in almost 6 months. Potential Home buyers could greatly benefit from capitalizing on rates while they can.

Freddie Mac’s Primary Mortgage Market Survey came out this morning, and they found that mortgage rates declined for the third consecutive week as rising oil prices and unrest in the Middle East continues to roil the markets. The average rate on a 30 year fixed rate mortgage fell from 4.95 percent.

U.S. long-term mortgage rates fell for the fifth consecutive week, tipping the key 30-year loan average below 4 percent for the first time in nearly a year and a half. The declining rates have.

Annual Percentage Rate (APR) The cost to borrow money expressed as a yearly percentage. For mortgage loans, excluding home equity lines of credit, it includes the interest rate plus other charges or fees. For home equity lines, the APR is just the interest rate.

Long-term U.S. mortgage rates fell this week for the second straight week, providing a helpful jolt for potential home buyers. Last week’s decline followed weeks of increases that pushed long.

The S&P 500 (SPY) finished lower for the third straight week while the Nasdaq (QQQ) tumbled nearly 3%. The multinational-heavy dow jones (nysearca:dia) finished lower for the fifth. interest rate.

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Average Mortgage Interest Rates Fall For Third Straight Week May 17, 2019 7:19:30 PM Average U.S. interest rates declined for the third consecutive week for the week ending May 16, 2019, according to Freddie Mac’s weekly Primary Mortgage Market Survey.