So when bond yields drop, typically,
conventional mortgage rates fall as well (see historical graph below).
Not exact matches
As the Federal Reserve continues to invest in
mortgage backed securities from Fannie and Freddie, interest
rates on these
conventional loans have been expected to
fall well below the current 5.5 percent marker.
According to Freddie Mac, the average commitment
rate for a 30 - year,
conventional, fixed -
rate mortgage fell to 3.88 percent in August from 3.97 percent in July and is the lowest since November 2016 (3.77 percent).
According to Freddie Mac, after
falling for four consecutive months, the average commitment
rate for a 30 - year,
conventional, fixed -
rate mortgage rose to 4.16 percent in September from 4.12 percent in August.
According to Freddie Mac, the national average commitment
rate for a 30 - year,
conventional, fixed -
rate mortgage fell to a record low 4.07 percent in October from 4.11 percent in September; the
rate was 4.23 percent in October 2010.
According to Freddie Mac, the national average commitment
rate for a 30 - year,
conventional, fixed -
rate mortgage fell to 3.45 percent in April from 3.57 percent in March; it was 3.91 percent in April 2012.