Heads up, homeowners: Mortgage rates hit lowest point since November!

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For example, one common type of adjustable rate mortgage is a "5/1 ARM" which has a fixed mortgage interest rate for the first five years of the loan. With an fall of over a tenth of a percentage point, the average offered rate for a conforming 30-year fixed-rate mortgage moved to its lowest point since November 2016.

The 30-year fixed, as tracked by Freddie Mac, hit its lowest point ever during the week ended November 21, 2012, falling to 3.31%. Since then, it has risen fairly steadily. The 15-year fixed hit a record low 2.56% during the week ended May 2, 2013, the lowest point since tracking began in 1991.

We examined data from Freddie Mac’s Primary Mortgage Market Survey to identify historical mortgage rate trends. Click to read about the history of 15-year fixed rate mortgages, 30-year fixed rate mortgages, and 5-1 hybrid adjustable mortgages.

Mortgage rates. 19 basis points in the past week, from 4.94 percent to 4.75 percent on Thursday, according to Mortgage News Daily. The drop comes after the 30-year fixed hit a recent eight-year.

Mortgage rates sink to a 31-month low after Federal Reserve expresses uncertainty about the economy – Mortgage rates hit their lowest levels since November 2016 on the heels of the. (Points are fees paid to a lender equal to.

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Low Mortage Interest Rates mortgage rates hit their lowest levels since November 2016 on the heels of the. (Points are fees paid to a lender equal to. This is the lowest mortgage rates have been since late 2016. applications for mortgage refinances jumped nearly 3%. Mortgage interest rates determine your monthly payments over the life

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Mortgage rates have edged higher this week, but borrowers may have more to. in mortgage rates, which recently hit their lowest levels since November 2016.. The average rate on a 30-year fixed-rate mortgage has ticked up to 3.75%, The loans in this week's survey come with an average 0.6 point.

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