Mortgage Interest Rates Decline After Peaking In Spring

Mortgage interest rates dropped peaked in the spring of this year with the rate on a 30-year fixed rate conventional loan hitting 3.353% in mid-March then staying near that range until mid-April when rates started to ease.  In mid-June the rate had crept back up to 3.229% but last week dipped below 3% to 2.982%.  As of yesterday, the rate has increased slightly but is still just a tad over 3% (3.019%).

Mortgage Interest Rates – 30 Years Conforming Conventional Loan -Past 12 Month Period

(click on chart for live, interactive chart and other loan types)

Mortgage Interest Rates - 30 Years Conforming Conventional Loan -Past 12 Month Period

 

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