Mortgage Rates Hit New Lows Again

Mortgage rates moved lower today–significantly in some cases–with the average lender making it back to 2017’s lows for the first time since January. Rates came close to 2017’s lows in late.

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Mortgage rates hit record lows – again. The new 15-year rate would lower borrowing costs to $693 a month for every $100,000 borrowed, a $38 savings compared to last year.

 · Another week, another new low for conforming mortgage rates. In fact, this week marks the 9th time in a row it’s happened. Mortgage rates are (again) at their lowest levels in history. The data comes from the Freddie Mac, a government group and major loan securitizer for the U.S. mortgage.