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30-year Mortgages Hit Lowest Point

February 10, 2020 by Nick & Cindy Davis

U.S. long-term mortgage rates fell this past week for the third straight week, as the benchmark 30-year loan marked its lowest point in 36 months.

Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year fixed-rate mortgage declined to 3.45% from 3.51% last week. The key rate stood at 4.41% a year ago.

 

30-year Mortgages Hit Lowest Point in 3 Years

30-year Mortgages Hit Lowest Point in 3 Years

 

The average rate on a 15-year mortgage eased to 2.97% from 3% last week.

The historically low rates are actually an advantage for potential home-buyers. A positive outlook originates from signs of strength in the U.S. economy recently and expectations that the global economy could begin to expand faster after being held back by trade conflicts.

Federal Reserve policymakers continued to hold home interest rates low at their latest meeting last week. However the Fed chair warned that the viral outbreak in China poses a new threat to the strengthening global economy.

Freddie Mac surveys lenders nationwide between Monday and Wednesday each week to compile its mortgage rate figures. The average doesn’t include extra fees, referred to as points, which most borrowers must pay to obtain the lowest rates.

The average fee on 30-year fixed-rate mortgages was unchanged from last week at 0.7 point. The average fee for the 15-year mortgage also remained at 0.7 point.

The average rate for a five-year adjustable-rate mortgage rose to 3.32% from 3.24% last week. The fee slipped to 0.2 point from 0.3 point.

Ready to find your new home here in the Tampa Bay and Surrounding Areas? Nick, Cindy & Nicholas Davis with RE/MAX Premier Group are here to assist you with all your Real Estate Needs. We are always available at 813-300-7116 to answer your questions or you can simplyย click here and we will be in touch with you shortly.

Need to get started with your mortgage process? You can contact Kyle Edwards with Iberia Bank at 813-495-5131, or simply click here to start your online application.

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All Homes For Sale in & Around Tampa

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  • 18488 Serene Lake Loop, Lutz, FL
    18488 Serene Lake Loop
    Lutz, FL
    Photo of 18488 Serene Lake Loop, Lutz, FL 33548 (MLS # TB8408294)
    $609,900
    • Lot Size
      6,099 sqft

    • Home Size
      2,084 sqft

    • Beds
      4 Beds

    • Baths
      3 Baths

    • Year Built
      2025

    • Days on Market
      1

    View Virtual Tour
  • 7979 Sailboat Key Boulevard S #202, South Pasadena, FL
    7979 Sailboat Key Boulevard S #202
    South Pasadena, FL
    Photo of 7979 Sailboat Key Boulevard S #202, South Pasadena, FL 33707 (MLS # TB8407550)
    $625,000
    • Lot Size

    • Home Size
      1,145 sqft

    • Beds
      2 Beds

    • Baths
      2 Baths

    • Year Built
      1989

    • Days on Market
      1

  • 2319 Chaucer Street, Clearwater, FL
    2319 Chaucer Street
    Clearwater, FL
    Photo of 2319 Chaucer Street, Clearwater, FL 33765 (MLS # TB8408228)
    $445,000
    • Lot Size
      6,534 sqft

    • Home Size
      1,369 sqft

    • Beds
      2 Beds

    • Baths
      2 Baths

    • Year Built
      1960

    • Days on Market
      1

    View Virtual Tour
  • 6123 Yeats Manor Dr, Tampa, FL
    6123 Yeats Manor Dr
    Tampa, FL
    Photo of 6123 Yeats Manor Dr, Tampa, FL 33616 (MLS # TB8407609)
    $1,700,000
    • Lot Size
      6,970 sqft

    • Home Size
      3,496 sqft

    • Beds
      4 Beds

    • Baths
      5 Baths

    • Year Built
      2006

    • Days on Market
      1

  • 914 Freemont Street S, Gulfport, FL
    914 Freemont Street S
    Gulfport, FL
    Photo of 914 Freemont Street S, Gulfport, FL 33707 (MLS # TB8405562)
    $425,000
    • Lot Size
      6,534 sqft

    • Home Size
      1,054 sqft

    • Beds
      2 Beds

    • Baths
      2 Baths

    • Year Built
      1960

    • Days on Market
      1

    View Virtual Tour
  • 7846 Royal Hart Drive, New Port Richey, FL
    7846 Royal Hart Drive
    New Port Richey, FL
    Photo of 7846 Royal Hart Drive, New Port Richey, FL 34653 (MLS # TB8408279)
    $309,000
    • Lot Size
      7,406 sqft

    • Home Size
      1,173 sqft

    • Beds
      3 Beds

    • Baths
      2 Baths

    • Year Built
      1981

    • Days on Market
      1

    View Virtual Tour
  • 4237 Miller Point Court, Bradenton, FL
    4237 Miller Point Court
    Bradenton, FL
    Photo of 4237 Miller Point Court, Bradenton, FL 34208 (MLS # A4659174)
    $320,990
    • Lot Size
      1,743 sqft

    • Home Size
      1,464 sqft

    • Beds
      3 Beds

    • Baths
      3 Baths

    • Year Built
      2025

    • Days on Market
      1

    View Virtual Tour
  • 1790 Main Street, Safety Harbor, FL
    1790 Main Street
    Safety Harbor, FL
    Photo of 1790 Main Street, Safety Harbor, FL 34695 (MLS # TB8407188)
    $1,299,999
    • Lot Size
      10,455 sqft

    • Home Size
      3,123 sqft

    • Beds
      4 Beds

    • Baths
      4 Baths

    • Year Built
      1955

    • Days on Market
      1

  • 125 Nelson Street, Auburndale, FL
    125 Nelson Street
    Auburndale, FL
    Photo of 125 Nelson Street, Auburndale, FL 33823 (MLS # TB8408226)
    $139,900
    • Lot Size
      12,197 sqft

    • Home Size
      842 sqft

    • Beds
      2 Beds

    • Baths
      1 Bath

    • Year Built
      1952

    • Days on Market
      1

  • 6104 Gannetwood Place, Lithia, FL
    6104 Gannetwood Place
    Lithia, FL
    Photo of 6104 Gannetwood Place, Lithia, FL 33547 (MLS # TB8405794)
    $485,000
    • Lot Size
      5,663 sqft

    • Home Size
      2,676 sqft

    • Beds
      4 Beds

    • Baths
      3 Baths

    • Year Built
      2004

    • Days on Market
      1

    View Virtual Tour
  • 10420 Springrose Dr, Tampa, FL
    10420 Springrose Dr
    Tampa, FL
    Photo of 10420 Springrose Dr, Tampa, FL 33626 (MLS # TB8408238)
    $775,000
    • Lot Size
      7,406 sqft

    • Home Size
      2,342 sqft

    • Beds
      5 Beds

    • Baths
      2 Baths

    • Year Built
      1994

    • Days on Market
      1

  • 5021 Championship Cup Lane, Spring Hill, FL
    5021 Championship Cup Lane
    Spring Hill, FL
    Photo of 5021 Championship Cup Lane, Spring Hill, FL 34609 (MLS # W7877028)
    $799,000
    • Lot Size
      16,553 sqft

    • Home Size
      3,569 sqft

    • Beds
      4 Beds

    • Baths
      4 Baths

    • Year Built
      2003

    • Days on Market
      1

  • 1814 E Diana Street, Tampa, FL
    1814 E Diana Street
    Tampa, FL
    Photo of 1814 E Diana Street, Tampa, FL 33610 (MLS # O6327978)
    $270,300
    • Lot Size
      5,663 sqft

    • Home Size
      1,000 sqft

    • Beds
      3 Beds

    • Baths
      1 Bath

    • Year Built
      1945

    • Days on Market
      1

  • 18142 Regents Square Drive, Tampa, FL
    18142 Regents Square Drive
    Tampa, FL
    Photo of 18142 Regents Square Drive, Tampa, FL 33647 (MLS # TB8408270)
    $899,000
    • Lot Size
      9,148 sqft

    • Home Size
      3,210 sqft

    • Beds
      4 Beds

    • Baths
      3 Baths

    • Year Built
      1997

    • Days on Market
      1

  • 8520 Pavia Way, Bradenton, FL
    8520 Pavia Way
    Bradenton, FL
    Photo of 8520 Pavia Way, Bradenton, FL 34202 (MLS # A4658513)
    $3,350,000
    • Lot Size
      18,731 sqft

    • Home Size
      4,000 sqft

    • Beds
      4 Beds

    • Baths
      5 Baths

    • Year Built
      2023

    • Days on Market
      1

    View Virtual Tour

See all All Homes Around Tampa.
(all data current as of 7/17/2025)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

Filed Under: 2020, Advice, Buying a home, Buying a home 2018, Florida Housing 2018, Home buyers, Home buying, Home Ownership, Housing Market 2018, Housing Updates 2018, Moving, RE/MAX Agent

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Nick & Cindy Davis

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813-300-7116

813-695-6475

 

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Lutz, FL 33559
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Tampa, FL 33604

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