Resiclub co-founder and editor-in-chief Lance Lamart addressed the growing concerns about the housing market on ‘Money Making Money’.
Mortgage rates For the first time in weeks, 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 6.67% last week increased by 6.72%.
The average rate on a 30 -year loan was 6.89% a year ago.
The average rate on a 30 -year loan was XX% a year ago. (Which through Lambery / Bloomberg Getty Image / Getty Image)
Freddy Mac’s chief economist Sam Khatar said, “After the decline for five consecutive weeks, 30-year-old fixed-trap hostage grew slightly higher after being one stronger than the report of expected jobs.” “Despite the ongoing power challenges in the housing market, we are looking at the purchase and refinance applications of the house while responding to the projection downwards, there is an increase of 25% and 56% respectively compared to the previous year.”
5.8% reading last week increased to 5.86% on the 15-year fixed mortgage. A year ago, the rate on the 15-year fixed note was 6.17%.
According to realtor.com, these state housing markets were MVPS
Labor department said on Thursday that employer 147,000 jobs added In June. The figure was above the estimate of economists voted by LSEG, who estimated 110,000 jobs.
Unemployment rate Slightly below 4.1%, which was less than the expectations of 4.3%of economists.
The Labor Department said on Thursday that employers added 147,000 jobs in June. (Elisen Joyce / Bloomberg Getty Image / Getty Image)
Bazaar saw as a strengthening of Outlook to see the report of June jobs federal Reserve To leave unchanged interest rates for the fifth consecutive fifth consecutive meeting at the end of this month.
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According to the CME Fedwatch Tool, after the release of the report, the possibility of cutting the 25-base-point interest rate in July decreased from 23.8% to 6.7% on Thursday.
