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 […]
Mortgage rates continue to trend down, but affordability remains a pipe dream: Freddie Mac
Interest rates on 30-year mortgages have fallen again, but housing remains unaffordable in most areas. (iStock) Mortgage rates fell to 6.63% this week, according to Freddie Mac. Primary mortgage market research. The 30-year fixed rate mortgage rate last week was 6.69%, down 0.06 points. The 15-year mortgage rate also fell slightly from 5.96% last week […]
30-year mortgage rate stabilizes in 6.6% range, draws buyers back: Freddie Mac
With mortgage rate volatility subdued, buyers are finding a reason to get back into the housing market. (iStock) Mortgage rates rose slightly this week, but have remained steady at 6.6% in recent weeks, giving borrowers an incentive to get back into the housing market, Freddie Mac said. The average interest rate on a 30-year fixed-rate […]
Mortgage rates drop to lowest level since last spring: Freddie Mac
Interest rates on 30-year mortgages have fallen to 6.6%, according to Freddie Mac. (iStock) Mortgage rates continued their downward trend this week, dropping to levels not seen since last spring, according to Freddie Mac. The average interest rate on a 30-year fixed-rate mortgage was 6.6% for the week ending Jan. 18, according to Freddie Mac's […]