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Mortgage Rates End 2023 in a Downward Spiral

Mortgage Rates End 2023 in a Downward Spiral

by Phil Hall | Dec 28, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The final Primary Mortgage Market Survey published in 2023 by Freddie Mac (OTCQB: FMCC) showed mortgage rates ringing out the year in a continued descent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, down from last week when it averaged 6.67%. A year...
Mortgage Rates Fall Further Away From 7%

Mortgage Rates Fall Further Away From 7%

by Phil Hall | Dec 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to leave the 7% in the rearview mirror, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.67% as of Dec. 21, down from last week when it averaged 6.95%. A year ago...
A Phil Hall Op-Ed: What Will 2024 Offer Us?

A Phil Hall Op-Ed: What Will 2024 Offer Us?

by Phil Hall | Dec 18, 2023 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: Over the past couple of weeks, there have been a number of forecasts about where the U.S. economy in general – and the housing market, in particular – will be heading in 2024. There are a few easy predictions that I can make. For starters, I can...
Mortgage Rates Drop Below the 7% Mark

Mortgage Rates Drop Below the 7% Mark

by Phil Hall | Dec 14, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage dropped below the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The product averaged 6.95% as of Dec. 14. Last week, was at 7.03%, and one year ago at this time it averaged 6.31%. The...
Tech Trends: Using Technology to Take Advantage of Falling Mortgage Rates

Tech Trends: Using Technology to Take Advantage of Falling Mortgage Rates

by Tony Garritano | Dec 8, 2023 | News/Current Events, Real Estate News, Tech Trends, U.S. Housing Market, WRE News Exclusive

Tech Trends: For five weeks in a row mortgage rate have declined. For those in the mortgage business, this is welcome news. But how do you take advantage of this trend to grow your business? Technology can help. Research done by Forbes tells us that whether you’ve...
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