US long-term mortgage rates fall; 30-year loan at 3.73%

This June 20, 2019, photo shows an existing home is offered for sale in Rutledge, Ga. On Thursday, June 27, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/John Bazemore)

WASHINGTON — U.S. long-term mortgage rates fell this week. It was the seventh decline in the past nine weeks for the key 30-year, fixed-rate loan, which reached its lowest level since November 2016.

Mortgage buyer Freddie Mac says the average rate on the benchmark 30-year mortgage fell to 3.73% from 3.84% last week. By contrast, a year ago the rate stood at 4.55%.

The average rate for 15-year, fixed-rate home loans slipped this week to 3.16% from 3.25%.

Must Read

Yellen, in speech Friday, could send signal about...

Aug 26, 2016

Yellen, in Jackson Hole speech Friday, could send a signal about timetable for next rate hike

Clinton could face mounting problem with health...

Aug 29, 2016

Double-digit premium increases and exits by big-name insurers raise new questions about 'Obamacare'

USDA to reopen offices closed after email threats

Aug 31, 2016

The Agriculture Department will reopen some offices that were closed Tuesday after an unspecified...

SEC: Former Monsanto exec to get $22.5M as...

Aug 30, 2016

A former Monsanto executive who tipped off regulators about the agribusiness' accounting practices...

AP FACT CHECK: Trump on immigration

Sep 1, 2016

AP FACT CHECK: Trump's day of clarification on immigration policy did not always hew to the actual...

Sign up now!

About Us

In The Headline sought to bring professionalism back into journalism, bringing you only the most exclusive and the most impactive news from all over the globe.

Contact us: sales[at]intheheadline.com