Rates
Instant Reaction: Mortgage Rates, September 5, 2024
The average 30-year fixed mortgage rate from Freddie Mac remained unchanged at 6.35% this week from last week. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, August 29, 2024
The average 30-year fixed mortgage rate from Freddie Mac dropped to 6.35% this week from 6.46% last week. www.nar.realtor – Research
The Impact of Interest Rates on Condo Sales
Interest rates are critical in the real estate market, especially in selling condominiums. Understanding this impact can help buyers, sellers and investors make informed decisions. Introduction to interest rates and condo sales Interest rates are the cost of borrowing money, typically expressed as an annual percentage of the loan amount. They influence the affordability of… […]
Mortgage Mix: Rates Dip Sharply; Major Lender Prepping for Refinance Boom
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. Per the latest survey by Freddie Mac, mortgage rates experienced a noticeable drop during the first week of August 2024–the lowest rate in over a year, in fact. The 30-year mortgage rate is 6.47%, down… […]
Instant Reaction: Mortgage Rates, July 25, 2024
The 30-year fixed mortgage rate from Freddie Mac was nearly unchanged at 6.78% this week vs 6.77% last week. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, July 03, 2024
The 30-year fixed mortgage rate from Freddie Mac increased to 6.95% over the last week from 6.86%. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, April 25, 2024
Mortgage interest rates for the week sit at an average of 7.17%, and may show little dramatic downward movement any time soon. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, February 1, 2024
Mortgage interest rates ticked down slightly this week to 6.63% from 6.69% the previous week, down considerably from October 2023. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, December 14, 2023
The Fed indicated yesterday that they will hold the Fed Funds Rate steady for now and cut rates three times in 2024; NAR forecasts that mortgage interest rates will average 6.3% in 2024. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, November 30, 2023
Mortgage interest rates dropped again to 7.22% from 7.29% last week; the drop from the October peak of 7.79% translates into a $ 125-a-month savings on a $ 400,000 mortgage. www.nar.realtor – Research