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Mortgage Rates Go Into a Slump

Mortgage Rates Go Into a Slump

by Phil Hall | Nov 9, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were in decline this week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.5% as of Nov. 9, down from last week when it averaged 7.76%. A year ago at this time, it...
Mortgage Rates Hold Steady

Mortgage Rates Hold Steady

by Phil Hall | Nov 2, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates held steady in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, down from last week when it averaged 7.79%. A year ago at this time, it averaged 6.95%. The...
Mortgage Rates Keep Climbing to the 8% Mark

Mortgage Rates Keep Climbing to the 8% Mark

by Phil Hall | Oct 26, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage continued its ascent to the dreaded 8% level in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.79% as of Oct. 26, up from last week when it averaged 7.63%. A...
Mortgage Rates Surge Higher (Again)

Mortgage Rates Surge Higher (Again)

by Phil Hall | Oct 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage continued its climb to the 8% level, averaging 7.63% as of Oct. 19, according to new data from Freddie Mac’s (OTCQB:FMCC) Primary Mortgage Market Survey. Last week, the 30-year fixed-rate mortgage averaged 7.57%. One year ago at...
Hits and Misses for the Real Estate Week of Oct. 9-13

Hits and Misses for the Real Estate Week of Oct. 9-13

by Phil Hall | Oct 13, 2023 | Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rising mortgage rates, rising foreclosure rates, and Bad Bunny’s rather pricey rental unit. From the wild and wooly world of real estate, here are our hits and misses for the week of Oct. 9-13. Miss: Up, Up and Oh No. The 30-year fixed-rate mortgage surged...
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