Mortgage Rates Drop Slightly

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Opinions, estimates, forecasts and other views contained in this document are those of Freddie Mac’s Economic & Housing Research group, do not necessarily represent the views of Freddie Mac or its management, should not be construed as indicating Freddie Mac’s business prospects or expected results, and are subject to change without notice.

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The average rate on a 30-year fixed mortgage fell to 7.23 percent in the week ended Nov. 14 from 7.24 percent the previous week, Freddie Mac said Thursday. Freddie Mac also reported that the average adjustable-rate mortgage rate rose to 5.53 percent from 5.48 percent last week.

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The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.08 percent, down 5 basis points from this time last week. The 30-year fixed mortgage rate hovered around 4.13 percent for most.

 · The 30-year fixed-rate mortgage averaged 4.42 percent for the week ending December 12, 2013, down from last week when it averaged 4.46 percent. A year ago at this time, the 30-year FRM averaged 3.32 percent.

 · MORTGAGE RATES SHOW SLIGHT DROP. For adjustable-rate mortgages, which have caps limiting how much the interest charge can vary, rates fell 7 basis points, to 9.44 percent, the lowest level since the agency began tracking the figures in September 1983. The rate a year ago was 10.69 percent. The average rate on uncapped adjustable-rate mortgages rose,

Sam Khater, Freddie Mac’s chief economist, says, "Slightly weaker inflation and labor economic data caused mortgage rates to dip this week. Moving into summer, we expect rates to be about a quarter to.

Tweet; Anyone out to buy or refinance a home this month will find that current mortgage rates have fallen slightly since this time last month. That means it’s best to shop for a mortgage now, while mortgage rates are still historically low.. The average interest rate on a conventional 30-year fixed-rate home loan is 3.95%.

Compare mortgage rates from multiple lenders in one place. It’s fast, free, and anonymous.

Are Mortgage Rates Expected To Drop – If you are looking for a quick way to refinance your mortgage payments – we can help you, just visit our site for more information. Consider the time you intend to stay in your home with the possible movement of your work, family growing, downsizing the home, changes in lifestyle and much more.

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