Mortgage rates push higher with no relief in sight: Freddie Mac
As mortgage rates remain high, homebuyers are looking for ways to lower costs. (iStock) The Federal Reserve is unlikely to reverse its restrictive policy stance anytime soon, pushing mortgage rates further into the 7% range, according to Freddie Mac. The average interest rate on a 30-year fixed-rate mortgage for the week ending May 2 was […]
Mortgage rates are nearing 7% as inflation ticks back up: Freddie Mac
According to Freddie Mac, the average interest rate on a 30-year fixed-rate mortgage last week was 6.88%. (iStock ) Mortgage interest rates continue to rise steadily. Last week, 30-year mortgage rates averaged 6.88%. Reported by Freddie Mac. Last week, interest rates averaged 6.82%, and a year ago, the average interest rate on a 30-year fixed-rate […]
Mortgage rates hover near 7% with no sign of budging: Freddie Mac
Mortgage rates are languishing at nearly 7% due to delays in the Federal Reserve’s rate cut plan. (iStock) Mortgage rates have remained in the 6.8% range this week, according to Freddie Mac, and are likely to remain in that range despite improving inflation indicators. The average interest rate on a 30-year fixed-rate mortgage for the […]
Mortgage rates crawl toward 7% but market optimistic: Freddie Mac
Higher mortgage rates weren’t enough to dampen the mood in the housing market last week. (iStock) Mortgage rates hit a new high this week, but the slow rise to 7% does not dampen hopes for home construction and lower borrowing costs this year, Freddie Mac said. The average interest rate on a 30-year fixed-rate mortgage […]
Mortgage rates continue to drop as spring brings more inventory: Freddie Mac
Mortgage rates fell to an average of 6.74% for 30-year mortgages. (iStock) 15-year and 30-year mortgage rates fell from last week, Freddie Mac reported. “30-year fixed-rate mortgages are down again this week, bringing the total down by almost a quarter of a percentage point after two weeks,” said Sam Cater, chief economist at Freddie Mac. […]
Mortgage rates ease slightly as spring homebuying season nears: Freddie Mac
Buyers expecting lower mortgage rates will have to wait longer. (iStock) Mortgage rates fell slightly this week, enough to rekindle homebuying momentum as the market prepares for this year’s traditionally busy season, Freddie Mac said. The average interest rate on a 30-year fixed-rate mortgage for the week ending March 7 was 6.88%, according to Freddie […]
Mortgage rates creep toward 7%, straining homebuyer affordability: Freddie Mac
Homebuyers saw mortgage rates inch upward again this week. (iStock) Mortgage rates have been flat for weeks, but have edged higher this week, approaching 7% for 30-year mortgages, according to Freddie Mac. The average interest rate on a 30-year fixed-rate mortgage for the week ending Feb. 22 was 6.9%, according to Freddie Mac’s latest research. […]
Mortgage interest rates jumped up this week, along with prices: Freddie Mac
Although interest rates and the number of home listings are rising, potential buyers are feeling anxious about making a purchase. (iStock) Potential homebuyers may need to wait a little longer until interest rates drop below 6%. The average mortgage rate for a 30-year fixed-rate mortgage rose to 6.77% this week. Freddie Mac reported. Last week’s […]
Mortgage rates stagnate, hobbling affordability as spring buying season looms: Freddie Mac
Mortgage rates are not rising fast enough to alleviate affordability issues. (iStock) According to Freddie Mac, mortgage rates are stable in the mid-six range and show little sign of falling. The average interest rate on a 30-year fixed-rate mortgage for the week ending February 8 was 6.64%, according to Freddie Mac’s latest research. Primary mortgage […]
Freddie Mac announces $2,500 credit for down payment assistance for very low-income families
Borrowers in Freddie Mac’s Home Possible or HFA Advantage programs are eligible for assistance. (iStock) Prospective homebuyers who make 50% or less of the area median income can now receive a $2,500 credit toward their down payment and other closing costs. recently announced freddie mac. This credit is available to buyers using Freddie Mac. Available […]