Mortgage rates fall again – second straight week
Mortgage rates fall again – second straight week
WASHINGTON (AP) – July 27, 2017 – Long-term U.S. mortgage rates fell this week for the second week in a row, despite the Federal Reserve’s efforts to lift borrowing costs.
Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages slid to 3.92 percent from 3.96 percent the previous week. While historically low, that is still above last year’s average of 3.65 percent.
The rate on 15-year, fixed-rate home loans, popular with homeowners who are refinancing their mortgages, eased to 3.2 percent from 3.23 percent last week.
Mortgage rates haven’t increased much even though the Federal Reserve has boosted its benchmark rate four times in the past 18 months. That’s because mortgage rates follow the yield on the 10-year Treasury note, which is influenced by many factors. Greater demand by overseas investors can lower the yield.
To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week. The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.
Source: Florida Realtors
-
New$959,900
Cape Coral
Courtesy of Mamba Realty LLC
3 BEDS4 BATHS1909 SQFTShare this Property -
New$335,000
Cape Coral
Courtesy of LPT Realty,LLC
3 BEDS2 BATHS1551 SQFTShare this Property -
New$889,000
Cape Coral
Courtesy of Vacationhit Realty
3 BEDS2 BATHS2124 SQFTShare this Property -
New$450,000
Cape Coral
Courtesy of Rushin Realty
3 BEDS3 BATHS2011 SQFTShare this Property -
New$660,000
Cape Coral
Courtesy of LISTWITHFREEDOM.COM
3 BEDS3 BATHS2317 SQFTShare this Property -
New$595,000
Cape Coral
Courtesy of All Trade Realty LLC
4 BEDS3 BATHS1931 SQFTShare this Property -
New$525,000
Village Walk Of Bonita Springs
Courtesy of Douglas Elliman Florida,LLC
2 BEDS2 BATHS1534 SQFTShare this Property -
New$239,000
San Mirage
Courtesy of Marzucco Real Estate
1 BEDS1 BATHS713 SQFTShare this Property -
New$1,999,000
Bonita Bay
Courtesy of Dellatore Real Estate Company
3 BEDS3 BATHS2471 SQFTShare this Property -
New$499,900
Cape Coral
Courtesy of Troup Real Estate LLC
3 BEDS2 BATHS1442 SQFTShare this Property -
New$839,900
Cape Coral
Courtesy of SellState Excelsior Realty
4 BEDS4 BATHS2526 SQFTShare this Property -
New$469,200
Cape Coral
Courtesy of Adams Homes Realty Inc
4 BEDS3 BATHS2265 SQFTShare this Property