Freddie Mac: Rock-bottom mortgage rates signal refi opportunity

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 · After more than a month of declines, mortgage rates paused their descent ahead of next week’s Federal Reserve meeting. According to the latest data released Thursday by Freddie Mac.

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NEW YORK (CNNMoney) — Mortgage rates have fallen to a new record low, according to Freddie Mac, and the stagnant economy is to blame. The 30-year fixed-rate mortgage dropped to an average of 3.67.

Mortgage rates have plummeted to near-record lows, which means it’s a great time for homeowners to refinance.But to take advantage of rock-bottom rates, borrowers need three things that are in.

What are average mortgage rates? – HousingWire – HousingWire Content on ‘What are average mortgage rates?’. Rock-bottom mortgage rates signal refi opportunity.. As Freddie Mac’s chief economist notes, this could all quickly change..

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Mortgage Rates Still Rising. Is This The End Of The Refi Boom? Rock-bottom mortgage rates may be gone for good. This week’s Freddie Mac Primary mortgage market survey shows in numbers what New York rate shoppers have learned the hard way – mortgage rates are spiking.

Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage dipped to 3.82% from 3.99% last week. By contrast, a year ago the benchmark rate stood at 4.54%.

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The 30-year fixed rate mortgage averaged 4.3 percent for the week of March 16, 2017. Compared to a year earlier, mortgage rates have increased about half of a percentage point, and are up more than three-quarters of a percentage point from the lows reached last summer.

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HOMEOWNERS have a second chance at rock-bottom. refinance. The average rate on a conventional 30-year, fixed-rate mortgage — still the most popular home loan — was 5.38 percent last week, down.