Tag Archives: 5-year hybrid adjustable-rate mortgages

30-Year Mortgage Rate Reaches New Low for the Year

The 30-year fixed-rate mortgage averaged 4.21 percent this week, the lowest since November 2013, Freddie Mac reports in its weekly mortgage market survey. Mortgage rates continued moving down following the decline in 10-year Treasury yields after a dismal report on real GDP growth in the first quarter,” says Frank Nothaft, Freddie Mac’s chief economist. Freddie […]

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