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Mortgage Rates Surge Onward and Upward for Fifth Straight Week

Mortgage Rates Surge Onward and Upward for Fifth Straight Week

by Phil Hall | Oct 12, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage surged higher, averaging 7.57% as of Oct. 12, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). Last week, it averaged 7.49%, and a year ago at this time it averages 6.92%. “For the fifth...
Mortgage Rates at Highest Peak in Almost 23 Years

Mortgage Rates at Highest Peak in Almost 23 Years

by Phil Hall | Sep 28, 2023 | Mortgage Information, News/Current Events, 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 Are Back on the Rise

Mortgage Rates Are Back on the Rise

by Phil Hall | Sep 14, 2023 | Mortgage Information, News/Current Events, 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 | Mortgage Information, News/Current Events, 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...
Mortgage Rates Drop, But Still Above 7%

Mortgage Rates Drop, But Still Above 7%

by Phil Hall | Aug 31, 2023 | Mortgage Information, News/Current Events, 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...
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