Rates for home loans fell to the lowest in a year as inflation cooled and investors braced for a slowing global economy.
The 30-year fixed-rate mortgage averaged 4.37% in the February 14 week, mortgage guarantor Freddie Mac said Thursday. That was down from 4.41% in the prior week. The 15-year adjustable-rate mortgage averaged 3.81%, down three basis points. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.88%, down from 3.91%.
Those rates don’t include fees associated with obtaining mortgage loans.
30-Year Fixed Rate Mortgage Average in The United States
Not Seasonally Adjusted
Mortgage Rates Track the 10-Year U.S. Treasury Note Tmubmusd10y, +0.00%. Bonds Have Become More Attractive Over the Past Few Weeks Amid Global Growth Concerns and Worries About a Possible Second Government Shutdown. That’s Good News for Borrowers: Bond Yields Decline as Their Prices Rise.
The Popular 30-Year-Fixed Has Increased in Only One Week so Far This Year, and Has Averaged 4.44% Compared to 4.54% for All of 2018.
Source – Market Watch, Andrea Riquier, Published: Feb 15, 2019.
