Thirty-Year Mortgage Rate Falls Below Four Percent – NMP Skip to main content

Thirty-Year Mortgage Rate Falls Below Four Percent

Phil Hall
Apr 20, 2017
The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 3, 2020 has found that mortgage applications decreased 17.9 percent from one week earlier

The 30-year mortgage rate dropped below four percent and hit its lowest level since November 2016, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending April 20.
The 30-year fixed-rate mortgage (FRM) averaged 3.97 percent, down from last week when it averaged 4.08 percent. The 15-year FRM this week averaged 3.23 percent, down from last week when it averaged 3.34 percent. The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.10 percent this week, down from last week when it averaged 3.18 percent.
Sean Becketti, chief economist at Freddie Mac, blamed the disappointing data on “weak economic data and growing international tensions [that] are driving investors out of riskier sectors and into Treasury securities. This shift in investment sentiment has propelled rates lower.”

Apr 20, 2017
Manufactured Housing: The New Affordable Alternative

While the housing market is grappling with widespread affordability and supply, manufactured homes are gaining ground as a new alternative. 

Industry News
Dec 03, 2021
Angel Oak Home Loans Opens 3 New Branches

Continues expansion in Western U.S. with new branches in California, Nevada & Utah.

Industry News
Dec 02, 2021
Open Mortgage Names New President

Joe Stephenson, formerly of American Advisors Group, to lead daily operations.

Industry News
Dec 01, 2021
Homepoint Expands Refinance Program Offerings

Now offers Freddie Mac’s new refinance option, Refi Possible, making it easier for many homeowners with a Freddie Mac-owned mortgage to reduce their interest rate.

Industry News
Nov 30, 2021
Non-QM Lender Deephaven Hires Business Development VP

Dallas-based Tim Fisher charged with growing Deephaven’s correspondent business In Texas and surrounding states

Industry News
Nov 30, 2021
Biden Reappoints Powell As Federal Reserve Chairman

A signal that The Fed will continue its policies as inflation surges and economic uncertainty spikes due to an emerging variant of the coronavirus. 

Industry News
Nov 29, 2021