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

Trump's shrinking trade appeal evident in North...

Aug 22, 2016

North Carolina may be the state most pivotal to Donald Trump's White House bid, and the audience...

With father in tow, Kaine seeks support from...

Aug 23, 2016

Tasked with shoring up union support for Hillary Clinton, running mate Tim Kaine turned Monday to...

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

Investors to seek any hint of Yellen timetable on...

Aug 26, 2016

Investors to seek any hint in Yellen speech of a timetable for next rate hikes

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...

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