Real Estate Roundup: Record weekly mortgage rate drop

30-YEAR MORTGAGES SEE BIGGEST ONE-WEEK DROP IN A DECADE

Fixed-rate mortgages last week saw their biggest one-week drop in a decade, according to Freddie Mac’s weekly rate survey.

Thirty-year fixed-rate mortgages averaged 4.06 percent, down from 4.28 percent last week, and 15-year fixed-rate mortgages averaged 3.57 percent, down from 3.71 percent. Five-year adjustable-rate mortgages averaged 3.75 percent, down from 3.84 percent last week.

Last year at this time, 30-year mortgages averaged 4.40 percent, 15-year mortgages averaged 3.90 percent, and five-year ARMs averaged 3.66 percent.



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