While we saw mortgage interest rates drop a bit to begin the last 30 days, they are now back in essentially the same place they were at this point in November. The miniscule change will save new borrowers just over a $1 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 3.73% as of this week. Last month at this time, they were sitting at 3.75%.
Category: Mortgages
We saw mortgage interest rates continue to creep upwards in the last 30 days. The recent increase will cost new borrowers an additional $6.22 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 3.75% as of this week. Last month at this time, they were sitting at 3.64%. The slow and steady decline since November 2018 has halted for now.
We saw mortgage interest rate change direction and start moving up in the last 30 days. The recent increase will cost new borrowers an additional $7.34 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 3.73% as of this week. Last month at this time, they were sitting at 3.60%. The slow and steady decline since November 2018 has halted for now.
We saw mortgage interest rates drop a little bit more in the last 30 days. The most recent decrease will save new borrowers an additional $1.71 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 3.81% as of this week. Last month at this time, they were sitting at 3.84%. We have seen a slow and steady decline since November 2018.
How Low Can Mortgage Rates Go?
We saw mortgage rates drop a little bit more in the last 30 days. The most recent decrease will save new borrowers an additional $5.81 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 4.07% as of this week. Last month at this time, they were sitting at 4.17%. We have seen a slow and steady decline since November.