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Mortgage Rates Dip, But Still Close to 7%

Mortgage Rates Dip, But Still Close to 7%

by Phil Hall | Mar 7, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were slightly down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.88% as of March 7, down from last week when it averaged 6.94%. A year ago at this time, it averaged 6.73%....
Mortgage Rates Up for Fourth Straight Week

Mortgage Rates Up for Fourth Straight Week

by Phil Hall | Feb 29, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates climbed for the fourth consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, up from last week when it averaged 6.90%. A year ago at this...
Zillow: You Need to Make $106,000 to ‘Comfortably Afford’ to Buy a Home

Zillow: You Need to Make $106,000 to ‘Comfortably Afford’ to Buy a Home

by Phil Hall | Feb 29, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

What a difference four years makes – a new data analysis from Zillow (NASDAQ:Z, ZG) found today’s home buyers need to make more than $106,000 to “comfortably afford” a residential property purchase. That sum is 80% more than the money required for the same purchase in...
Mortgage Rates Creep Up to the 7% Level

Mortgage Rates Creep Up to the 7% Level

by Phil Hall | Feb 22, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates shot up to the border of the dreaded 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.90% as of Feb. 22, up from last week when it averaged 6.77%. A year ago at this...
Mortgage Rates Rise Again

Mortgage Rates Rise Again

by Phil Hall | Feb 15, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were back on the rise, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.77% as of Feb. 15, up from last week when it averaged 6.64%. A year ago at this time, it...
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