Today’s mortgage rates are significantly lower than last January’s rates. This time last year, the average 30-year fixed mortgage rate was more than 7%, according to Freddie Mac. Now, the 30-year rate is down 98 basis points year over year to 6.06%. This is a good time to shop around for the mortgage lender that … Read more
Mortgage rates have rebounded from recent lows, but remain below 6%. According to Zillow, the average 30-year fixed rate is 5.93%. Meanwhile, the fixed rate of a 15-year home loan is 5.40%. Zillow collects rates from those offered in its lender marketplace. Here are the current mortgage rates, according to the latest Zillow data: 30 … Read more
Mortgage rates are half a point lower than a year ago. According to Freddie Mac, the national average of 30 years fixed mortgage this week is 6.19%. A year ago, it was an average of 6.69% The fixed rate of 15 years is 5.44%. At this time last year, it averaged 5.96%. “Mortgage rates fell … Read more
Mortgage rates are so close to dropping below 6%. According to Zillow, the average 30-year fixed rate is down two basis points to 6.04%. A fractional one-day move lower and we will be in sub-6% territory, a move that is likely to trigger a wave of purchase and refinance applications. The 15-year fixed home loan … Read more