Asked by: Darlene Russobusiness and finance interest rates
What was the lowest mortgage rate in 2016?
Last Updated: 6th April, 2020
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Just so, what were mortgage rates in 2016?
Monthly Average Commitment Rate And Points On 30-Year Fixed-Rate Mortgages Since 1971
One may also ask, what was the average mortgage rate in 2015? 15-Year-FRM Mortgage Rate
Hereof, what was the lowest mortgage rate ever?
The lowest mortgage rates ever occurred around Thanksgiving 2012, when the interest rate for a 30-year fixed-rate mortgage fell to 3.31% (according to Freddie Mac data).
Is 3.75 A good mortgage rate?
Mortgage giant Freddie Mac said Thursday the average rate for a 30-year fixed-rate mortgage jumped to 3.75% from 3.69% last week. By contrast, the benchmark rate stood at 4.94% a year ago. The average doesn't include extra fees, known as points, which most borrowers must pay to get the lowest rates.