Heads up, homeowners: Mortgage rates hit lowest point since November!

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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.

How To Get The Best Mortgage Rate 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.

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