Mortgage Rates Drop Again
The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) found rates in decline. The 30-year fixed-rate mortgage averaged 6.74% as of March 14, down from last week when it averaged 6.88%. A year […]
The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) found rates in decline. The 30-year fixed-rate mortgage averaged 6.74% as of March 14, down from last week when it averaged 6.88%. A year […]
The CPI report came out Tuesday, and the headline number showed a 12-month inflation of 3.2%. The running average of CPI going back to 1914 has been 3.3%. So, what should we take away […]
In anticipation of Tuesday’s inflation reading, mortgage rates eased compared to last week. HousingWire’s Mortgage Rate Center showed the average 30-year fixed rate for conventional loans at 7.08% on Tuesday, down from 7.17% one […]
Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. Instead, the 10-year yield had a muted response after the headline number beat […]
We survived jobs week and Federal Reserve Chairman Jerome Powell talking to Congress, with mortgage rates ending the week below 7%. But will mortgage rates keep heading lower? If so, what will this do […]
Mortgage rates were slightly down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.88% as of March 7, down from last week when it averaged […]
Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales, the Federal Reserve reported in its Beige Book survey of […]
Housing professionals already know that high mortgage rates are bad for business. And they hope that rates will soon fall. But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center, those […]
“Recovery year” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. A little more […]
Ahead of Friday’s national jobs report, mortgage rates have found stability after increasing for multiple weeks. Polly’s average 30-year fixed rate for conventional loans was 7.17% on Tuesday, down from 7.24% one week earlier, […]
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