After 11 consecutive weeks of record lows, the 30-year fixed-rate mortgage increased 3 basis points for the week ending Sept. 9 to 4.35% with an average 0.7 point, according to the Freddie Mac Market survey.
Last week’s 4.32% was the lowest rate the survey recorded since its inception in 1971. While the rate this week did increase for the first time in nearly three months, it remains below the 5.07% level seen last year.
The survey of large banks and thrifts reported the average rate for a 30-year FRM at 4.58%, a 5 bps increase from last year.
Alia parker says:
May 5, 2020 at 3:53 am
Do you want to buy to buy a home but can not find a good lender? For you Denys Javier Pizarro bring light of hope for you. He is a agent who has a large network in lenders. He can manage you mortgage at low interest. Because a few days ago when i was searching for a loan he helped me. Home Equity Loan Mississauga