Mortgage rates drop for the 4th straight week. What it means for you.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their loan to a lower rate, rose this week.
Average US rate on a 30-year mortgage eases to 6.87%, fourth straight weekly decline
The average rate on a 30-year mortgage in the U.S. eased for the fourth week in a row, an encouraging sign for prospective home shoppers as the spring homebuying season gets underway. The average rate fell to 6.87% from 6.89% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.77%.
Mortgage Rates Saw a Notable Drop Last Week. Here's How Much You Could Save.
Rates on 15-year new purchase loans fell even more significantly last week, plunging 16 basis points to average 5.98% Friday. Like 30-year loans, 15-year rates sank to a two-year low in September, dropping as far as 4.97% (though the lowest Friday weekly average was 5.07%).
30-year mortgage rate hits 2025 low at 6.87%
MCLEAN, Va. - Freddie Mac (OTC:FMCC), a prominent financial services player with a market capitalization of $20.62 billion and strong revenue growth of 12.28% over the last twelve months, reported on Monday that the 30-year fixed-rate mortgage (FRM) has dropped to 6.
30-year mortgage rates creep lower again, to 6.87%
The bond yields that underpin mortgage rates have whipped around amid tariff threats and new inflation data. The average rate on a 30-year loan dipped this week but remains near 7%.
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