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30-Year Fixed Mortgage Loan Rates Hit Near 3-Year Low

Mortgage Rates in America Continue to Drop
Posted by John Moore on August 12, 2019 in  Home Financing
The average rate on the popular 30-year fixed rate mortgage loan hit 3.70% Friday August 2nd according to Mortgage News Daily. We haven’t seen rates this low since November 2016. That rate will slip even lower as a result of the escalating U.S.-China trade war as investors flock to the bond market, driving yields down. 30-year mortgage rates may dip into the mid-3’s this week.   Rates are now incredibly favorable for both refinancing existing loans and home purchases. Existing borrowers h... read more
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