We saw mortgage rates drop a little bit more in the last 30 days. The most recent decrease will save new borrowers an additional $8.19 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 4.17% as of this week. Last month at this time, they were sitting at 4.31%. We have seen a slow and steady decline since November.
We saw mortgage rates drop a little bit more last month. The most recent decrease will save new borrowers an additional $5.35 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 4.46% at the end of January. At the end of December, they were sitting at 4.55%. We are continuing to see a bit of a zig zag approach to the market with a few months of rising rates followed by a month or two of decline.
We saw mortgage rates drop significantly last month. The most recent decrease will save new borrowers an additional $15.61 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 4.55% at the end of December (and are even a little lower as I am writing this). At the end of November, they were sitting at 4.81%. We are continuing to see a bit of a zig zag approach to the market with a few months of rising rates followed by a month or two of decline.
The latest mortgage statistics show an improving market in Sarasota and Manatee counties as the numbers continue to improve. Both short-term delinquency rates (30 days late) and serious delinquencies (90 days + late) are lower than they were last year at this time. From a mortgage perspective, Hurricane Irma had significantly more impact than this year’s red tide.
We saw mortgage rates drop slightly last month. The most recent decrease will save new borrowers an additional $3.03 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 4.81% at the end of November (and are even a little lower as I am writing this). At the end of October, they were sitting at 4.86%. We are continuing to see a bit of a zig zag approach to the market with a few months of rising rates followed by a month or two of decline.