Mortgage Rates hitting another yearly Low

Financing

3rd consecutive week for the 30-year fixed-rate mortgage averaged a new year-to-date low. The 30-year mortgage rate dropping to a low of 3.78 percent.

Freddie Mac reports the following national averages with mortgage rates for the week ending Sept. 7:

30-year fixed-rate mortgages: averaged 3.78 percent, with an average 0.5 point, falling from last week’s previous yearly low of 3.82 percent. Last year at this time, 30-year rates averaged 3.44 percent.

15-year fixed-rate mortgages: averaged 3.08 percent, with an average 0.5 point, falling from last week’s 3.12 percent average. A year ago, 15-year rates averaged 2.76 percent.
5-year hybrid adjustable-rate mortgages: averaged 3.15 percent, with an average 0.4 point, rising from last week’s 3.14 percent average. A year ago, 5-year ARMs averaged 2.81 percent.
Source: Freddie Mac