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Mortgage Rates Fall to 2.5 Year Low

Mortgage News > Mortgage Rates Fall to 2.5 Year Low
Date: 06/27/2019    Mortgage Rates Fall to 2.5 Year Low

Long-term mortgage interest rates fell to 31-month lows this week, according to data from Freddie Mac, as investors continue to worry about international trade disputes. The average rate on a 30-year fixed-rate mortgage dropped to 3.73% with an average 0.5 point during the week ended June 27, down from 3.84% last week and down from 4.55% a year ago. Freddie Mac says that falling rates have pushed mortgage applications up five percentage points over the past month.

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