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1970s mortgage rate trends The average 30-year fixed-rate mortgage started the decade at about 7.5 percent in 1971 (the earliest year for which data is available), according to Freddie Mac.
The average interest rate for a 30-year home fixed-rate mortgage fell to 4.71 percent, according to the Freddie Mac's Primary Mortgage Market Survey, released December 3.
According to Freddie Mac, the average rate for a 30-year fixed home loan went from 6.95% a few weeks ago to 6.78% for the week ending July 26. The average rate for 15-year fixed-rate mortgages ...
The difference is huge between a monthly payment at an 8.03% mortgage rate, the 52-week high, and one at 6.82%, yesterday’s rate. On a $600,000 mortgage at a 30-year fixed rate at 8.03%, the ...
The benchmark rate has remained in the 5.25% to 5.50% range since the most recent hike in July 2023. If and when mortgage rates drop, borrowers will benefit from lower borrowing costs and monthly ...
Mortgage applications continued to decrease last week -- to their lowest level since 2018 -- while mortgage rates increased to the highest level since 2009, according to the Mortgage Bankers...