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Mortgage Rates Down Slightly, Though Still Elevated

Mortgage Rates Down Slightly, Though Still Elevated

by Phil Hall | May 16, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates registered a decline in the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.02% as of May 16, down from last week when it averaged 7.09%. A year ago at this time, it averaged 6.39%. The...
Mortgage Rates Down for First Time in Five Weeks

Mortgage Rates Down for First Time in Five Weeks

by Phil Hall | May 9, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were in decline for the first time since March, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.09% as of May 9, down from last week when it averaged 7.22%. A year ago at...
NAR Chief Economist Predicts Falling Rates, More Existing Home Sales

NAR Chief Economist Predicts Falling Rates, More Existing Home Sales

by Phil Hall | May 7, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

National Association of Realtors (NAR) Chief Economist Lawrence Yun is predicting interest rates will fall in the long term, while existing home sales will rise to 4.46 million this year (up 9% from 4.09 million in 2023) and to 5.05 million next year (up 13.2% from...
Mortgage Rates Soar for Fifth Consecutive Week

Mortgage Rates Soar for Fifth Consecutive Week

by Phil Hall | May 2, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continues to soar in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.22% as of May 2, up from last week when it averaged 7.17%. A year ago at this time, it averaged 6.39%. The...
Mortgage Rates Continue to Rise

Mortgage Rates Continue to Rise

by Phil Hall | Apr 25, 2024 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to soar deeper into the 7% range in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.17% as of April 25, up from last week when it averaged 7.10%. A year ago at this...
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