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Mortgage Rates Hit New 2017 Lows

The Freddie Mac mortgage rate decreased this week for the third consecutive week to the lowest level of 2017! It decreased by just 1 basis point to an APR of 3.94%. APR still remains higher than the APR a year ago when it was at a level of 3.66% APR.

Attributed to Sean Becketti, chief economist, Freddie Mac.

“In a short week following Memorial Day, the 10-year Treasury yield fell 4 basis points. The 30-year mortgage rate remained relatively flat, falling 1 basis point to 3.94 percent and once again hitting a new 2017 low.”

Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
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