Boston Realtor Mike Mahoney
Michael Mahoney
617-615-9435617-615-9435

National Mortgage Rates

After posting their biggest drop in a decade last week, mortgage rates remain at multi-month lows—and borrowers are rushing to take advantage.The 30-year fixed-rate mortgage averaged 4.08 percent this week, Freddie Mac reports in its weekly mortgage market survey. Mortgage applications surged 18.6 percent last week as borrowers locked in lower financing costs, the Mortgage Bankers Association reports.

“While the housing market has faced many headwinds the last few months, it sailed through the turbulence to calmer seas with demand buttressed by a strong labor market and low mortgage rates. The benefits of the decline in mortgage rates that we’ve seen this year will continue to unfold over the next few months due to the lag from changes in mortgage rates to market sentiment and ultimately home sales.” Sam Khater, Freddie Mac’s chief economist.

  • 30-year fixed-rate mortgages: averaged 4.08 percent, with an average 0.5 point, rising from last week’s 4.06 percent average. Last year at this time, 30-year rates averaged 4.40 percent.
  • 15-year fixed-rate mortgages: averaged 3.56 percent, with an average 0.4 point, dropping from last week’s 3.57 percent average. A year ago, 15-year rates averaged 3.87 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgages: averaged 3.66 percent, with an average 0.4 point, falling from last week’s 3.75 percent average. A year ago, 5-year ARMs averaged 3.62 percent.

See the press release from Freddie Mac here

2 Responses to “National Mortgage Rates”

  1. April 24, 2019 at 7:31 pm, 7 Myths About Mortgages Today | Boston Realty by Realtor Michael Mahoney of eXp said:

    […] National Mortgage Rates […]

Reviews

5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

5SullyLemmons

We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

Review Michael Mahoney on Zillow.com

Community Events

We Play Mah Jongg and have fun. Please check to see if enough players are RSVP.

Mah Jongg in Cambridge and Beyond

Intermediate to Advanced players only. We play for money. Please RSVP. Bring your set if you have one. We play quick and strategic games. We have fun whether we win or lose. Bring your current Mah Jongg card and a sense of humor. PLEASE PATRONIZE...

Spiritual Awakening Community Gathering

The Healing Journey Circle

Calling in those on a path of spiritual awakening and ascension! Let's connect and build a network of like minded soul friends :) This is just a casual get together to make friends and connections with those on a similar path of spiritual...

Brookline game

Cambridge/Brookline Kickball

We'll be playing at Amory Park, accessible by bus or train. Its near the B (BU West) or C line (Kent Street) in Brookline. This is a great location, and we'll likely hit up a local watering hole for post-game libations. We'll set up camp wherever...

Lag B'Omer Cocktail Party

Jewish Singles Mingle

Please join us for a Lag B'Omer celebration in a Newton bar for drinks, appetizers, music and socializing. Meet other Jewish singles ages 50-65 and have a lively evening! It's only $36 per person, and space is limited. Prepaid advance...