Mortgage rates slipped further last week, but homebuyers have yet to rush back to the market thanks to house prices and tough winter weather. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.89%, down from the week prior’s 6.95%. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.64%….
Mortgage rates stayed basically flat last week, hovering under 7%. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.95%, down from the week prior’s 6.96%. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.63%. Fifteen-year rates also decreased to 6.12% from 6.16%. A year ago at this time,…
Mortgage rates dipped back below 7% after spiking the week prior, cooling on better-than-expected inflation data. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.96%, down from the week prior’s 7.04% and breaking a five-week upward streak. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.69%. Fifteen-year rates…
Though winter is usually a slow time in the mortgage industry, demand is on the rise this January as increased inventory keeps buyers in the market. Typically, cold winter temperatures keep potential buyers sidelined in the early months of the year. Plus, kids are still in school, making it a complicated moment to upend everything…
Mortgage rates increased last week as markets digested the FOMC’s December meeting minutes and housing remained constrained. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage rate averaged 6.93%, up from the week prior’s 6.91%. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.66%. Fifteen-year rates also increased to 6.14%…
By KIMBERLEY HAAS The new SVP of community lending solutions at Guild Mortgage has a passion for educating people about homeownership. Nora Guerra joined the Guild team in October. Prior to that, she worked as the senior manager of national affordable lending at Freddie Mac and won the CEO Award. In her role at Freddie…
Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage rate averaged 6.72%, up from the week prior’s 6.60%. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.67%. Fifteen-year rates also increased to 5.92% from 5.84%. A year ago at this time, they were at 5.95%. “This week, mortgage rates crept…
Mortgage rates declined for a third straight week, but affordability is keeping demand leashed. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.60%, down from the week prior’s 6.69%. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.95%. Fifteen-year rates also fell to 5.84% from 5.96%. A year…
Former Ginnie Mae exec Sam Valverde has moved to Freddie Mac as its VP of mission and community engagement in its single-family acquisitions division. Valverde brings more than two decades of leadership experience to the role, having most recently served as acting president of Ginnie Mae. He took on the role after former president Alanna…
Mortgage rates resumed their upward march last week after briefly stalling. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.84%, up from the week prior’s 6.78%. A year ago at this time, the 30-year fixed-rate mortgage averaged 7.29%. Fifteen-year rates ticked up to 6.02% from 5.99%. A year ago at this…
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