Freddie Mac: Mortgage rates fall; 30-year loan averages 4.34%
- Share via
Lenders were offering 30-year fixed-rate mortgages at an average of 4.34% this week compared with 4.41% a week ago, according to the widely watched survey from home finance giant Freddie Mac.
The decline in rates, reflecting a belief that overall inflation remains at bay, was also seen in 15-year fixed loans, which dropped from an average 3.47% to 3.38%.
Start rates for adjustable-rate loans also fell, according to Freddie Mac.
QUIZ: Test your knowledge of home lending
Freddie Mac asks lenders across the nation about the terms they are offering on popular loan types to borrowers considered low risk and with 20% down payments or equivalent home equity in the case of refinance loans.
The borrowers would pay less than 1% of the loan amount to the lenders in upfront fees and discount points. It’s possible to obtain lower rates by paying additional discount points.
US 30 Year Mortgage Rate data by YCharts
ALSO:
Six-year high for million-dollar home sales
Low-income tenants get the boot from squalid rentals
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
