801-272-0600
nathan@advancedfunding.com
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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Mortgage Rates Tumble at Fastest Pace in 10 Years

Mortgage Rates Tumble at Fastest Pace in 10 Years

April 4th, 2019 | Mortgage News

U.S. mortgage rates plummeted last week, as investors continue to fear slower international economic growth. According to Freddie Mac, the average rate on a 30-year fixed-rate mortgage (FRM) loan dropped to 4.06%, down from 4.28% the week before and the largest weekly decrease since June 2009. Rates on 15-year FRMs also fell, averaging 3.57%, down from 3.71% the previous week. Lower rates will be a welcome gift to potential homebuyers this spring.


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