Mortgage Rates Drop to 3-Year Low in U.S.

Freddie Mac | September 06, 2019

Mortgage Rates Drop to 3-Year Low in U.S.
According to Freddie Mac's latest Primary Mortgage Market Survey for the first week of September 2019, the 30-year fixed-rate mortgage rate in the U.S. averaged 3.49 percent, the lowest it has been since October 2016. Sam Khater, Freddie Mac's Chief Economist says, "Mortgage rates continued the summer swoon due to weaker economic data. While economic growth is clearly slowing due to rising manufacturing and trade headwinds, economic fundamentals are still solid for U.S. consumers. The unemployment rate is low, housing affordability is improving, homebuyer demand is rising, and home price growth is stable."

Spotlight

Buying a house comes with plenty of obstacles, the least of which is buying in a seller's
market. But with more and more investors getting into the game, the competition is
rising as buyers are now competing against cash offers. Recognizing this rising problem,
Trulia put together seven tips for competing.

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Spotlight

Buying a house comes with plenty of obstacles, the least of which is buying in a seller's
market. But with more and more investors getting into the game, the competition is
rising as buyers are now competing against cash offers. Recognizing this rising problem,
Trulia put together seven tips for competing.