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Mortgage Rates Break Past 7% Level

Mortgage Rates Break Past 7% Level

by Phil Hall | Jan 16, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage broke through the 7% mark this week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 7.04% average as of Jan. 16, up from last week when it averaged 6.93%. One year ago at this time, it...
Hits and Misses for the Real Estate Week of Jan. 6-10

Hits and Misses for the Real Estate Week of Jan. 6-10

by Phil Hall | Jan 10, 2025 | Hits and Misses, Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A last-minute slew of Biden administration lawsuits, a special advisor for the NAR chief and Justin Trudeau opens the Exit door. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Jan. 6-10. Miss: Last Minute Lawsuit. During his...
Mortgage Rates Inch Closer to 7% Level

Mortgage Rates Inch Closer to 7% Level

by Phil Hall | Jan 9, 2025 | Mortgage Information, Real Estate News, WRE News Exclusive

Mortgage rates came closer to the 7% level in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.93% as of Jan. 9, up from last week when it averaged 6.91%. A year ago at this time, it averaged...
Fannie Mae’s Home Purchase Sentiment Index Closed 2024 in Decline

Fannie Mae’s Home Purchase Sentiment Index Closed 2024 in Decline

by Phil Hall | Jan 7, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index (HPSI) ended 2024 in decline, with a 1.9-point drop in December to 73.1. However, the HPSI is up 5.9 points compared to this time last year. The new HPSI survey found the percentage of respondents who say it...
Mortgage Rates at Highest Level Since July

Mortgage Rates at Highest Level Since July

by Phil Hall | Jan 2, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates started the New Year moving closer to the 7% mark, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.91% as of Jan. 2, up from last week when it averaged 6.85%. A year ago...
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