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"The lack of sufficient new home construction is hampering our ability to keep up. rate mortgage loan nationally was at 3.73 percent, down from 4.57 percent a year ago, according to a Freddie Mac.
If you bought a home after November 2016, you may have a great opportunity to refinance today. Mortgage rates today have hit their lowest point since last year’s election.
Mortgage rates were back on the slide following the previous week’s 1 st rise in 7-weeks. In the week ending 27 th June, 30-year fixed rates fell by 11 basis points to 3.73% reversing a 2 basis.
30-year mortgage rates drop below 4% for first time in 18. – 30-year mortgage rates drop below 4% for first time in 18 months After coming within an eyelash of hitting 5%, 30-year rates have dropped almost a full percentage point since November. Mortgage Rates Predictions and Analysis – Mortgage rates hit their best levels since late 2017.
With an fall of over a tenth of a percentage point, the average offered rate for a conforming 30-year fixed-rate mortgage moved to its lowest point since November 2016. Freddic Mac reported today that average rate on the most popular type of mortgage declined by 11 basis points (0.11%) and landed at 3.73%, more than a two-and-a-half year low.