Long-term mortgage rates are still at their lowest level in almost two years.
On Thursday, Freddie Mac reported 3.82 percent with an average 0.6 point as the average for a 30-year mortgage, unchanged from last week's rates. Long-term rates were last at this level in September 2017.
“Mortgage rates were mostly unchanged from last week due to easing of trade tensions with Mexico which helped stabilize markets," Freddie Mac's Sam Khater said in a release. "These historically low rates should provide continued opportunities for current homeowners to refinance their mortgages – which combined with new homebuyer activity – will help sustain the momentum in the housing market in 2019.”
The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.
This article originally published at https://dc.urbanturf.com/articles/blog/mortgage-rates-remain-at-lowest-level-in-almost-two-years/15531.
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