Take a look at the Freddie Mac Survey of the 30-year fixed rate movement over the past year:
The Freddie Mac mortgage rate increased by 5 basis points this week to a level of 3.95%. APR still remains higher than it was a year ago when it was at a level of 3.94%, this is only one basis points lower than the current APR of 3.95%.
Attributed to Sean Becketti, chief economist, Freddie Mac.
Here is the Freddie Mac Survey of the 30-year fixed historical average rate movement over the past 30 years:
APR rates for the year of 2016 were at historically low levels , with an APR of 3.65% for a 30-year fixed rate mortgage, they were at the lowest we’ve ever seen them. 2012 was the previous low with an APR of 3.66%, only one basis point higher than what we saw in 2016. APR rates dropped 20 points from 3.85% in 2015 to the low of 3.65% in 2016. The highest APR rates were in the early 1980’s when they reached an ultimate high of 16.63% in 1981, almost 5 times more than the APR rates in 2016. Since 2012 rates have remained somewhat flat and comparatively low changing minimally.
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