Steve Moore, co-founder of the Committee to Unleash Prosperity, places emphasis on the state of the economy and addresses voter concerns about the “final line” stock market.
Mortgage fees slid this week, mortgage buyer Freddie Mac said Thursday.
Freddie Mac’s latest primary mortgage market research, released Thursday, showed that the average rate for benchmark 30-year fixed mortgages was down just 6.81% from last week’s 6.83% reading.
The average rate for a 30-year loan was 7.17% a year ago.
“Over the past few months, 30-year fixed-rate mortgages have fluctuated below 20 basis points, and this stability continues to work well for buyers and sellers.”
Is the US housing market a buyer-friendly market?
The average rate for fixed mortgages for 2015 fell to 5.94% from reading last week at 6.03%. 1 year ago rate 15-year fixed note Average 6.44%.
Prior to this release, there is data on existing US home sales that fell more than expected in March, overwhelmed by increased borrowing costs, and even weaker it could be that concerns about a slowdown due to SAP demand for tariffs.
The National Association of Realtors said Thursday that home sales fell to a seasonally adjusted annual rate of 42 million units, down 5.9% last month. The economists voted by Reuters had reduced home resale to a percentage of 4.13 million units.
This was a 2.4% decrease from the previous year in March.
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The dim economic outlook can be seen dragging the housing market in the wake of President Donald Trump’s ever-changing tariff policies and the uncertainty caused by the obligations already imposed on numerous imports, including timber.
Reuters contributed to this report.
