The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45 percent from 3.49 percent, its lowest level since the Mortgage Bankers Association began its weekly survey.
Source: Inman News
Mortgage rates drop to 30-year low
Published in 15 year fixed rate mortgage, 30 year fixed rate mortgage, Analysis, california, Coronavirus, Data, Federal Housing Administration (FHA), Holden Lewis, Joel Kan, jumbo loans, Markets & Economy, mortgage bankers association, mortgage interest rates, mortgage refinance, NerdWallet, New York State, News Brief, USDA home loans, VA loans and washington
More from 15 year fixed rate mortgageMore posts in 15 year fixed rate mortgage »
More from 30 year fixed rate mortgageMore posts in 30 year fixed rate mortgage »
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Should they stay or go (down) now? Forecasters are split on where mortgage rates will be in 2026
- Construction labor market facing ‘alarming deterioration’
- ‘Is it cheaper to rent or buy today?’ How to answer that question
- Homebuyers take a breather as mortgage rates continue to fall
More from AnalysisMore posts in Analysis »
- Blueprint launches new subscription research platform for commercial executives
- As homebuyers gain leverage, sellers get cold feet. Is it happening near you?
- Modest gains help agents see path to recovery: Client Pipeline Tracker
- Why Trump’s moves to control Fed could send mortgage rates higher
- US home prices see modest annual gains, but lag behind inflation
More from californiaMore posts in california »
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- How a government shutdown would affect real estate agents
- Why Flyhomes is quitting the real estate brokerage business
- A compliance expert quizzed ChatGPT. Here’s what it got wrong
- Better shares soar on bullish thesis by activist investor Eric Jackson
More from CoronavirusMore posts in Coronavirus »
- The internet fell hard for real estate in 2021. But can the love affair last?
- Los Angeles apartment owners sue over COVID rent freeze
- Demand for urban homes will be ‘muted’ for years: McKinsey
- Chris Heller: Brokerages and teams are playing chicken. Who will win?
- Will migration fizzle out in 2023? History points to existential shift
More from DataMore posts in Data »
- Blueprint launches new subscription research platform for commercial executives
- As homebuyers gain leverage, sellers get cold feet. Is it happening near you?
- Modest gains help agents see path to recovery: Client Pipeline Tracker
- Why is Midwest real estate beating the rest of the country?
- US home prices see modest annual gains, but lag behind inflation
More from Federal Housing Administration (FHA)More posts in Federal Housing Administration (FHA) »
- HUD and the FHFA are changing. Here’s everything you need to know
- LA wildfire victims get extension on foreclosure, eviction moratorium
- HUD to lay off approximately 4,800 employees under Trump plan
- FHA to allow homebuyers to purchase private flood insurance
- Home price gains continue to climb in third quarter
More from Holden LewisMore posts in Holden Lewis »
- Existing-home sales decline, median sales price hits record high
- New-home sales fall abruptly in February for first time in 3 months
- Existing-home sales droop as mortgage rates hit 20-year highs
- Intel unpacks the startling price of entry into the US housing market
- New-home sales wilt in June but remain elevated amid low inventory
More from Joel KanMore posts in Joel Kan »
- Homebuyer demand surges as mortgage rates tumble to 2025 low
- Homebuyers take a breather as mortgage rates continue to fall
- Homebuyers are out in force and mortgage rates are coming down
- Mortgage rates hit 4-month low and have more room to drop
- Lower mortgage rates get a few more homebuyers off the fence
More from jumbo loansMore posts in jumbo loans »
- Wells Fargo is about to emerge from the regulatory woods
- Jumbo mortgage rates rise as lenders pull back
- Treasury Secretary: Commercial real estate will suffer ‘some pain’
- Ongoing doubts about soundness of regional banks rattle investors
- Luxury housing market plunges to new low as priciest inventory rises
More from Markets & EconomyMore posts in Markets & Economy »
More from mortgage bankers associationMore posts in mortgage bankers association »
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Is fall the new spring? Market winds may be shifting, NAR says
- How a government shutdown would affect real estate agents
- Should they stay or go (down) now? Forecasters are split on where mortgage rates will be in 2026
- Lenders getting a jump on higher 2026 conforming loan limits
More from mortgage interest ratesMore posts in mortgage interest rates »
More from mortgage refinanceMore posts in mortgage refinance »
More from NerdWalletMore posts in NerdWallet »
More from New York StateMore posts in New York State »
- New York brokers double down on FARE Act opposition as city fights back
- Donald Trump found liable for fraud for inflating real estate holdings
- Supreme Court partially blocks New York’s eviction ban
- America’s hottest neighborhoods: North Winton Village in Rochester, New York
- COVID is transforming Palm Beach into a primary residence market
More from News BriefMore posts in News Brief »
More from USDA home loansMore posts in USDA home loans »
More from VA loansMore posts in VA loans »
- How a government shutdown would affect real estate agents
- Homebuyers take a breather as mortgage rates continue to fall
- Homebuyers still have jitters about the economy and job market
- VA ends key foreclosure rescue program in another setback for veterans and their families
- Down payments set shrinking course for 1st time in 2 years
More from washingtonMore posts in washington »
- How the escrow process offers a chance to show your value: Step 7
- Why Flyhomes is quitting the real estate brokerage business
- Better shares soar on bullish thesis by activist investor Eric Jackson
- On ‘Education Day,’ buyers teach you what they really want: Step 4
- Why is the Fed cutting interest rates — and what happens next?
Be First to Comment