{"id":4891,"date":"2017-06-08T00:00:00","date_gmt":"2017-06-08T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-are-still-dropping\/"},"modified":"2017-06-08T00:00:00","modified_gmt":"2017-06-08T00:00:00","slug":"mortgage-rates-are-still-dropping","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-are-still-dropping\/","title":{"rendered":"Mortgage Rates Are Still Dropping"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div readability=\"36.644851657941\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"18.817626527051\"><!--paging_filter--><\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2017_jun\/rates060817.png\" style=\"width: 620px; height: 252px;\"\/>Home buyers may want to rush to lock in: The 30-year <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">mortgage<\/a> rate hit its lowest level in nearly seven months this week, Freddie Mac reports.<\/p>\n<p>&#8220;The 10-year Treasury yield fell 3 basis points this week,\u201d said Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 30-year mortgage rate moved in tandem with Treasury yields, falling 5 basis points to 3.89 percent. Mixed economic data and increasing uncertainty are continuing to push rates to the lowest levels in nearly seven months.&#8221;<\/p>\n<p>Freddie Mac reports the following national averages with mortgage rates for the week ending June 8:<\/p>\n<ul>\n<li><strong>30-year fixed-rate mortgages<\/strong> averaged 3.89 percent, with an average 0.5 point, down from last week\u2019s 3.94 percent average. Last year at this time, 30-year rates averaged 3.60 percent.<\/li>\n<li><strong>15-year fixed-rate mortgages<\/strong> averaged 3.16 percent, with an average 0.5 point, dropping from last week\u2019s 3.19 percent average. A year ago, 15-year rates averaged 2.87 percent.<\/li>\n<li><strong>5-year hybrid adjustable-rate mortgages <\/strong>averaged 3.11 percent, with an average 0.5 point, holding the same average as last week. A year ago, 5-year ARMs averaged 2.82 percent.<\/li>\n<\/ul>\n<p><em>Source: Freddie Mac<\/em><\/p>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/7W1XqlGMo40\/mortgage-rates-are-still-dropping\"> Realtors.org <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Home buyers may want to rush to lock in: The 30-year mortgage rate hit its &hellip; <a title=\"Mortgage Rates Are Still Dropping\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-are-still-dropping\/\"><span class=\"screen-reader-text\">Mortgage Rates Are Still Dropping<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4892,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1403,408,1295,312,41,818,479],"class_list":["post-4891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-buy","tag-mortgage","tag-mortgage-rate","tag-mortgages","tag-property","tag-real","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/rates060817.png?fit=620%2C252&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":5891,"url":"https:\/\/amazingproperty.com.ng\/blog\/30-year-mortgage-rate-hits-new-2017-low\/","url_meta":{"origin":4891,"position":0},"title":"30-Year Mortgage Rate Hits New 2017 Low","author":"Amazing Property","date":"August 25, 2017","format":false,"excerpt":"Borrowers applying for a 30-year fixed-rate mortgage this week locked in the lowest rate of the year, as it dropped to its lowest average since November 2016, Freddie Mac reports. Additionally, \u201cthe 10-year Treasury yield fell 6 basis points this week amid concerns over lagging inflation,\u201d says Freddie Mac chief\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"rates082417.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/rates082417.png?fit=620%2C252&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/rates082417.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/rates082417.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4973,"url":"https:\/\/amazingproperty.com.ng\/blog\/after-steady-decline-mortgage-rates-rise\/","url_meta":{"origin":4891,"position":1},"title":"After Steady Decline, Mortgage Rates Rise","author":"Amazing Property","date":"June 16, 2017","format":false,"excerpt":"[ad_1] Mortgage rates increased this week for the first time in more than a month, but they still remain near their yearly lows. \u201cThe 30-year mortgage rate rose 2 basis points over the week to 3.91 percent,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cHowever, our survey was conducted before\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/rates061517.png?fit=620%2C252&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/rates061517.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/rates061517.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":2438,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-retreat-slightly-this-week\/","url_meta":{"origin":4891,"position":2},"title":"Mortgage Rates Retreat Slightly This Week","author":"Amazing Property","date":"March 24, 2017","format":false,"excerpt":"The 30-year fixed-rate mortgage decreased slightly, following two months of steady rises. \"The 10-year Treasury yield fell about 10 basis points this week,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 30-year mortgage rate moved with Treasury yields and dropped 7 basis points to 4.23 percent. This marks the greatest\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7131,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-rise-to-4-month-high\/","url_meta":{"origin":4891,"position":3},"title":"Mortgage Rates Rise to 4-Month High","author":"Amazing Property","date":"November 17, 2017","format":false,"excerpt":"The 30-year fixed-rate mortgage reached its highest average since July this week. \u201cThe 10-year Treasury yield ticked up 6 basis points, while the 30-year mortgage rate jumped 5 basis points to 3.95 percent,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cToday\u2019s survey rate is the highest rate in nearly four\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Rates111717.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/rates111717.png?fit=620%2C252&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/rates111717.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/rates111717.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":5697,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-at-lowest-point-in-6-weeks\/","url_meta":{"origin":4891,"position":4},"title":"Mortgage Rates at Lowest Point in 6 Weeks","author":"Amazing Property","date":"August 11, 2017","format":false,"excerpt":"The 30-year fixed-rate mortgage reversed course this week, averaging 3.90 percent.\u00a0 \u201cAfter holding relatively flat last week, the 10-year Treasury yield fell 4 basis points this week,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 30-year mortgage rate moved in tandem with Treasury yields.\u201d Freddie Mac reports the following national\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"rates081017.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/rates081017.png?fit=620%2C252&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/rates081017.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/rates081017.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":3708,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-drop-below-4\/","url_meta":{"origin":4891,"position":5},"title":"Mortgage Rates Drop Below 4%","author":"Amazing Property","date":"April 21, 2017","format":false,"excerpt":"The 30-year fixed-rate mortgage has fallen to its lowest average since November 2016, Freddie Mac reports in its weekly mortgage market survey. \u201cThe 30-year mortgage rate fell 11 basis points this week to 3.97 percent, dropping below the psychologically-important 4 percent level for the first time since November,\u201d says Sean\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=4891"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/4892"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=4891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=4891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=4891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}