CEO and chief strategist of QE Research, Daniel Dimartino booths, breaks the housing market after the construction of an unexpectedly enlarged permit on the ‘Money Making Money’.
Mortgage rates Fall for the fifth consecutive week, reaching the lowest level since December, but the remaining 7%increased.
Freddy Mac’s latest primary mortgage market survey, released on Thursday, showed that average rate on benchmark 30-year fixed mortgage Last week’s reading of 6.87% fell down to 6.85%. The average rate on a 30 -year loan was 6.9% a year ago.
A “symbol for sale” is hanging in front of a house in New York Patchogue. (Steve PFOST / NewsDay RM Getty Image / Getty Image)
“30 years Fixed rate mortgage Sam Khatar, the chief economist of Freddy Mac, said, “At that time it has been less than 7% for five consecutive weeks and at that time there is 20 basis points. The weather has come up.”
The average rate on the 15-year fixed mortgage fell from 6.09% to 6.04% last week. A year ago, the rate on the 15-year fixed note was 6.29%.
