Fox Business’ Gery Willis reported an increase in fare on ‘Varni & Company’ among old Americans.
Mortgage rates A 10 -month low fell, the hostage buyer Freddy Mac said on Thursday.
Freddy Mac’s latest primary mortgage market survey, released on Thursday, showed average rate on benchmark 30-year fixed mortgage 6.58% of last week’s reading fell to 6.56%.
The average rate on a 30 -year loan was 6.35% a year ago.
Only 28% of American homes now buy cheap power drops for cheap American domestic homes
On Thursday, Freddy Mac said that the average rate on 30 -year fixed morgue was reduced by 10 months. (Which through Lambery / Bloomberg Getty Image / Getty Image)
“The demand for purchase on the back of low rates and solid economic growth continues to increase,” said Freddy Mac’s chief economist Sam Khatar. “Although many potential homebuits still face strength challenges, consistent low rates may provide them inspiration to enter the market.”
Meanwhile, the average rate on the 15-year fixed mortgage is unchanged by reading 5.69%of the previous week. A year ago, the rate on the 15-year fixed note was 5.51%on average.
Low rates welcome news has come in the form of real report by realtor.com, which found that less than 30% of homes American housing market Averages are cheap for home.
The average rate on a 15 -year fixed hostage remained unchanged from the previous week. (Al Drago / Bloomberg Getty Image / Getty Image)
By August, only 28% of the houses on the market were within the reach of the typical house with maximum. Cheap house price It is falling to $ 298,000 for a mid-day house. According to the purchase power report of the real estate firm, in 2019, the figure was $ 325,000. This means that the power to buy power since 2019 is less than $ 30,000, even if the average income increased by 15.7%.
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According to Daniel Hell, the chief economist of realtor.com, high mortgage rates are largely convicted.
“Even when the income increases, high interest rates have erased the real -world purchasing power of the typical American house,” said, “Given that” it is forcing many dynamic dynamic buyers to accommodate their expectations, whether it means to find small houses, go away, or delay the dreams of the owners of the house. “
According to realtor.com, till August, only 28% of the houses in the market were price within the reach of the typical house. (Al Drago / Bloomberg Getty Image / Getty Image)
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According to the annual state of the nation’s housing report from the Joint Center Housing Studies (JCS) of Harvard University, house prices and interest rates have increased so much that they decreased to its lowest level from mid -90s to the lowest level.
