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Mortgage Rates Drop Below the 7% Mark

Mortgage Rates Drop Below the 7% Mark

by Phil Hall | Dec 14, 2023 | Current News & Events, Mortgage Information, 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 | Current News & 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...
Mortgage Rates Continue to Plummet

Mortgage Rates Continue to Plummet

by Phil Hall | Dec 7, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC) finds mortgage rates in a continued decline. The 30-year fixed-rate mortgage averaged 7.03% as of Dec. 7, down from last week when it averaged 7.22%. A year ago at this time, it averaged...
Monthly Mortgage Payment Average Continues to Decline

Monthly Mortgage Payment Average Continues to Decline

by Phil Hall | Nov 30, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing payments have declined for the fifth week in a row, according to new data from Redfin (NASDAQ:RDFN) that found the average homebuyer’s monthly mortgage payment was $2,575 during the four weeks ending Nov. 26, down $164 from a peak of $2,739 last month but up...
Mortgage Rates Down for Fifth Straight Week

Mortgage Rates Down for Fifth Straight Week

by Phil Hall | Nov 30, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued their downward trajectory for the fifth consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.22% as of Nov. 30, down from last week when it...
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