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30-Year Fixed-Rate Mortgage Surges to 7.49%

30-Year Fixed-Rate Mortgage Surges to 7.49%

by Phil Hall | Oct 5, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage spiked again, averaging 7.49% as of Oct. 5, according to new data from Freddie Mac (OTCQB: FMCC). This is up from last week when it averaged 7.31%. A year ago at this time, it averaged 6.66%. “Mortgage rates maintained their upward...
Mortgage Rates at Highest Peak in Almost 23 Years

Mortgage Rates at Highest Peak in Almost 23 Years

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

Mortgage rates have reached a level not seen since Bill Clinton was in the White House, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.31% as of Sept. 28, up from last week when it...
Mortgage Rates Flat, But Still Above 7%

Mortgage Rates Flat, But Still Above 7%

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

The 30-year fixed-rate mortgage averaged 7.19% as of Sept. 21, according to data from Freddie Mac (OTCQB: FMCC). This is up slightly from last week when it averaged 7.18%. A year ago at this time, it averaged 6.29% “Mortgage rates continue to linger above 7% as the...
Mortgage Rates Are Back on the Rise

Mortgage Rates Are Back on the Rise

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

Mortgage rates resumed their upward trajectory and stayed above the dreaded 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.18% as of Sept. 14, up from last week when it averaged...
Mortgage Rates Drop, But Remain Above 7% Mark

Mortgage Rates Drop, But Remain Above 7% Mark

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

The 30-year fixed-rate mortgage averaged 7.12% as of Sept. 7, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is a decline from last week when it averaged 7.18%. A year ago at this time, it averaged 5.89%. “For the fourth...
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