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Mortgage Rates End 2023 in a Downward Spiral

Mortgage Rates End 2023 in a Downward Spiral

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

The final Primary Mortgage Market Survey published in 2023 by Freddie Mac (OTCQB: FMCC) showed mortgage rates ringing out the year in a continued descent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, down from last week when it averaged 6.67%. A year...
Mortgage Rates Fall Further Away From 7%

Mortgage Rates Fall Further Away From 7%

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

Mortgage rates continued to leave the 7% in the rearview mirror, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.67% as of Dec. 21, down from last week when it averaged 6.95%. A year ago...
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...
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...
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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