Mortgage Rates Fall Sharply – 30-Year at 3.60% - Discover Suncoast Homes

Mortgage Rates Fall Sharply – 30-Year at 3.60%

Mortgage rates fell sharply this week with the 30-year loan at its lowest level since November 2016.

Financial markets around the globe have been whipsawed by anxiety over the U.S.-China trade war, sending investors fleeing from stocks to the safety of bonds and pushing bond interest-rates to record lows.

Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year mortgage dropped to 3.60% from 3.75% last week. A year ago the rate stood at 4.59%.

The average rate for 15-year, fixed-rate home loans tumbled to 3.05% from 3.20%.

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