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 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%….
Mortgage rates dipped slightly last week and analysts expect them to gradually descend further through the year. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.46%, dipping from the week prior’s 6.49%. A year ago at this time, the 30-year FRM averaged 7.23%. The 15-year also fell from 5.66% to 5.62%….
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…
Mortgage rates dipped to their lowest level since early this year as analysts firm up their opinions on a September rate cut from the Central Bank. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.73%, down from the week prior’s 6.78%. A year ago at this time, the 30-year FRM averaged…
Mortgage applications reversed course last week, turning down after getting a refi-inspired boost the week prior. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — fell by 2.2%, cutting into its 3.9% increase. Adjusted purchase applications decreased by 4%, while the unadjusted…
Mortgage rates fell further last week but buyers are waiting to see how far they’ll go before jumping into the market. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.77%, down 12 bps from the week prior’s 6.89%. A year ago at this time, the 30-year FRM averaged 6.78%. This is…
Homebuyers only enjoyed one week of sub-7% rates before the 30-year mortgage moved above that mark again. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 7.03%, up from the week prior’s 6.94%. A year ago at this time, the 30-year FRM averaged 6.79%. The 15-year also rose from 6.24% to 6.36%….
Average mortgage rates dipped below 7% last week, giving buyers some breathing room as they navigate a high-priced housing market. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.94%, down from the week prior’s 7.02%. A year ago at this time, the 30-year FRM averaged 6.57%. The 15-year also fell, down…
Average mortgage rates declined for a second week as inflation moderated in the Fed’s preferred inflation indicator. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 7.02%, down from the week prior’s 7.09%. A year ago at this time, the 30-year FRM averaged 6.39%. The 15-year also fell, down from last week’s…
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