Bill Pult, director of the Federal Housing Finance Agency, explains how President Donald Trump is again making the ownership of the house cheap on ‘Money Making Money’.
Mortgage rates One row fell for the second week, the hostage buyer Freddy Mac said on Thursday.
Freddy Mac’s latest primary mortgage market survey, on Thursday, showed that the average rate on the benchmark 30-year fixed hostage fell to 6.76% from 6.81% reading last week.
The average rate on a 30 -year loan was 7.22% a year ago.
“In recent weeks, the rates for a 30-year fixed-per hostage have fallen below the first quarter of 6.83%,” said Freddy Mac’s chief economist Sam Khatar.
Is the US housing market being a buyer friendly market?
The average rate on the 15-year fixed mortgage was slightly 5.92% from reading 5.94% last week. A year ago, the rate on the 15-year fixed note was 6.47%.
According to realtor.com, these state housing markets were MVPS
Americans have faced a strength crisis and supply issues in the housing market over the years, making it difficult for homebuilders to enter the market for the first time.
“The US housing is in the case of a gridlock in terms of residence transactions, where we are actually, we have been hitting 30-year offering for the last two years,” Realtor.com CEO Demian Alex said Recently during “Morning with Maria” appearance. “This is a large extent due to high interest rates. Most American mortgage – in fact, 70%of the US mortgage – are below 5%, so the prevailing rates are close to 6.8%, perhaps going up soon. The sellers are very reluctant to sell because they are going to rebel them at a huge cost.”
According to A, 3.8 million houses are supplied Realtor.com Report Was released in March.
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Eles said that realtor.com was “optimistic that all the running parts of the economy would decline at the place that the mortgage rates could be relaxed.”
Fox Business’ Icelin Murphy contributed to this report.
