Mortgage Rates Take a Bump Up This Week

Mortgage rates drop to 16-month low mortgage rates today, April 17, 2019, plus lock recommendations Lowest Mortgage Rates in April .. Mortgage rates dropped today.. Ongoing Lock/Float Considerations . Early 2019 saw a rapid reevaluation of big-picture trends in rates and in markets in general;Mortgage Rates Drop To 16-Month Low October 23, 2014 As we expected , the average rate for a conforming 30-year fixed-rate mortgage dropped to its lowest point in over a year, down from 3.97 percent to 3.92 percent over the past week and versus 4.13 percent at the same time last year.

The biggest one-week rate drop in a decade unleashed a run on refinances, to benefit, as we saw another sizable increase in the average refinance loan. Lower rates may be helping more buyers get into their first home.