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As a result of this change, mortgage rates fell almost a full percentage point, averaging 5.04% in 2009.
Mortgage rates dropped to a record low of 3.35% in November 2012.
In 2013, rates went up to 3.98%. A big reason for this was that the bond market panicked a little bit when the Federal Reserve said it would stop buying as many bonds.
In 2015, mortgage rates fell back to 3.85% as the market calmed down.
Although they were a little higher to end the year, rates in 2016 averaged 3.65%. With global turmoil, investors flocked to the safety of the United States bond market to guarantee the steadiness of their investments.
Rates began to rise after the 2016 presidential election.
Historical Mortgage Rate Averages Since 2019
Mortgage rates then hovered within the same range for the first half of 2021.
2022, with the United States weekly average 30-year fixed rate rising to 5.30% as of May 12, 2022.
Many experts have forecast mortgage rates to rise in 2022, and rates have already exceeded the levels some predicted they wouldn’t touch until the end of the year.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| American Neighborhood Mortgage Acceptance Company LLC | 2011 | $160.0M | 500 | 57 |
| Sun West Mortgage Company | 1980 | $33.6M | 50 | - |
| Academy Mortgage | 1988 | $35.0M | 125 | - |
| Citywide Home Loans | 1998 | $15.0M | 50 | - |
| Fairway Independent Mortgage | 1996 | $1.8B | 6,565 | 14 |
| HomeStreet Bank | 1921 | $549.8M | 1,071 | - |
| Guild Mortgage | 1960 | $963.5M | 7,500 | 76 |
| Master Key Mortgage | 1996 | $3.2M | 50 | - |
| Embrace Home Loans | 1983 | $230.0M | 700 | 13 |
| Supreme Lending | 1997 | $850.0M | 3,000 | - |
Zippia gives an in-depth look into the details of Low VA Rates, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Low VA Rates. The employee data is based on information from people who have self-reported their past or current employments at Low VA Rates. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Low VA Rates. The data presented on this page does not represent the view of Low VA Rates and its employees or that of Zippia.
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