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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 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...
Mortgage Rates Are Up Again

Mortgage Rates Are Up Again

by Phil Hall | Jul 27, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates ascended anew in Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.81% as of July 27, up from last week when it averaged 6.78%. A year ago at this time, it averaged 5.30%. The 15-year...
Freddie Mac Reports Decline in Mortgage Rates

Freddie Mac Reports Decline in Mortgage Rates

by Phil Hall | Jul 20, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates took a slide over the past week, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.78% as of July 20, down from last week when it averaged 6.96%. A year ago at this time, it...
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