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Mortgage Rates Tumble Again

Mortgage News > Mortgage Rates Tumble Again
Date: 07/05/2018    Mortgage Rates Tumble Again

Long-term mortgage interest rates fell in the latest week, making five declines in six weeks, according to mortgage backer Freddie Mac. The average rate on a 30-year fixed-rate mortgage slipped to 4.52% with an average 0.5 point, down from 4.55% the week before. Rates are up significantly from a year ago, however, when they averaged 3.96%. This string of rate decreases should provide some relief to potential buyers and refinancers.

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