Mortgage rates surged for a second week as the economy showed continued strength. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.32%, up from 6.12% the week prior. This is the largest one-week increase since April. Freddie Mac Chief Economist Sam Khater attributed it to the “stronger-than-expected” September jobs report. Consumer…
Mortgage rates reached a multi-year low, though they barely budged from the week prior. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.08%, down slightly from 6.09% the week prior. A year ago at this time, the 30-year fixed-rate mortgage averaged 7.31%. Fifteen-year loans saw a slight increase, however, up to…
Mortgage rates are hovering just above 6% following the Fed’s historic rate cut, and borrowers can expect more cooling through the year. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.09%, down from 6.20% the week prior. A year ago at this time, the 30-year fixed-rate mortgage averaged 7.19%. 15-year loans…
Mortgage rates held steady last week as markets awaited the release of the highly anticipated August jobs report. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.35%, the same as last week. A year ago at this time, the 30-year FRM averaged 7.12%. The 15-year fell from 5.51% to 5.47%. A…
Down payments are getting bigger as home prices inflate and buyers strive to lower their monthly payments while competing with cash offers. The typical homebuyer put down 18.6% of the purchase price, new Redfin data showed, totaling more than $67,000 and up from 15% last year. Almost three in five buyers put down at least…
Mortgage rates slipped more than 10 basis points last week as the market anticipates a rate cut from the Central Bank in the coming weeks. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.35%, plunging from the week prior’s 6.46%. A year ago at this time, the 30-year FRM averaged 7.18%….
Home prices hit their ninth record high in the last year despite appreciation continuing to trend down. Prices were up 5.4% YOY in June, down from May’s 5.9% but still elevated, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index. Month-over-month, national prices rose 0.2% after seasonal adjustment, down 0.1% from the month…
Mortgage rates moved up marginally last week but remain at their lowest point in a year. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.49%, up from the week prior’s 6.47%. A year ago at this time, the 30-year FRM averaged 7.09%. The 15-year also rose to 5.66% from 5.63%. A…
Home prices broke records again in May despite appreciation cooldowns across the market. Prices were up 5.9% YOY in May, down from April’s 6.3% but still elevated, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index. With this increase, prices hit their eighth record high of the last year. Month-over-month, national prices rose…
Mortgage rates ticked up just slightly last week, staying essentially the same after a weeks-long slide. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.78%, up 1 bps from the week prior’s 6.77%. A year ago at this time, the 30-year FRM averaged 6.81%. The 15-year also rose to 6.07% from…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!