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Mortgage Rates Drop, But Still Above 7%

Mortgage Rates Drop, But Still Above 7%

by Phil Hall | Aug 31, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates recorded a decline but still remained above the 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 Aug. 31, down from last week when it averaged 7.23%. A year...
Mortgage Rates at 22-Year High as New Home Sales Reach 17-Month Peak

Mortgage Rates at 22-Year High as New Home Sales Reach 17-Month Peak

by Phil Hall | Aug 24, 2023 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

The 30-year fixed-rate mortgage continued its historic ascension, averaging 7.23% as of today, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). Last week, it broke past the 6% mark to average 7.09%m while a year ago at this time...
Mortgage Rates Top 7%, Highest Level in Over 20 Years

Mortgage Rates Top 7%, Highest Level in Over 20 Years

by Phil Hall | Aug 17, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage averaged 7.09% as of Aug. 17, according to new data from Freddie Mac’s (OTCQB:FMC)) Primary Mortgage Market Survey. Last week, this mortgage averaged 6.96%, while one year ago it averaged 5.13%. The current level is the highest in...
Mortgage Rates Rise For Third Straight Week

Mortgage Rates Rise For Third Straight Week

by Phil Hall | Aug 10, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued their upward odyssey for the third week in a row, coming within a hair of the 7% mark. According to the Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC), the 30-year fixed-rate mortgage averaged 6.96% as of Aug. 10, up from last...
Mortgage Rates Inch Closer to the 7% Mark

Mortgage Rates Inch Closer to the 7% Mark

by Phil Hall | Aug 3, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage inched closer to the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB:FMCC). According to the government-sponsored enterprise, the 30-year fixed-rate mortgage averaged 6.90% as of Aug. 3, up from last...
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