The National Association of Realtors and realtor.com released a report stating that lack of housing supply remains a significant problem.
Mortgage rates The third straight straight week increased and the level of 7% continues to hover, the hostage buyer Freddy Mac said on Thursday.
Freddy Mac’s latest primary mortgage market survey, released on Thursday, showed that average rate on benchmark 30-year fixed mortgage The reading of 6.86% last week increased by 6.89%. It marked the highest level since 6 February, when the rate on 30 years of mortgage was also an average of 6.89%.
The average rate on a 30 -year loan was 7.03% a year ago.
The prices of the house in the US climbed for the fifth month as buyers competed for deals in at least the affordable market in decades. (Eliza Novelz / Bloomberg Getty Image / Getty Image)
“Buyers should remember to shop for the best mortgage rate,” said Freddy Mac’s chief economist Sam Khatar, as they can potentially save thousands of dollars by receiving several quotes. “
When your successor leaves home for backfire
The average rate on a 15-year fixed mortgage rose to 6.03% on a 15-year fixed mortgage by reading the last week. A year ago, the rate on a 15-year fixed note was 6.36%on average.
Freddy Mac’s latest primary mortgage market survey revealed that the average rate on the 30-year fixed mortgage was 6.86% of the previous week to 6.89%. (Tinge Shane / Xinhua Getty Image / Getty Image)
According to realtor.com, these state housing markets were MVPS
Meanwhile, the National Association of Realters said on Thursday that its Pending home sales index, Depending on the signed contracts, the last month fell from 6.3% to 71.3.
Economists voted by Reuters had an forecast of contract, which becomes sales after one or two months, falls 1%. House sales pending a year ago declined by 2.5%.
NAR Chief Economist Lawrence Yun said, “In this important phase of the housing market, it is all about hostage rates.” “Despite the increase in housing list, we are not looking at high house sales. Low mortgage rates are necessary to bring home buyers back to the housing market.”
Reuters contributed to this report.
