Redfin CEO Glenn Calman unpacked the situation of the housing market on ‘Bairon’s Roundateable’.
The mortgage rates fell to the lowest level since December for the seventh consecutive week, 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 mortgage was reduced by 6.63% from 6.76% of the previous week. The average rate on a 30 -year loan was 6.88% a year ago.
The biggest weekly decline in the 30 -year loan saw the biggest weekly decline, Sam Khatar, Freddy Mac said chief economist.
Philadelphia is a “for sale” in a house in August 16, 2024. (Which through Lambery / Bloomberg Getty Image / Getty Image)
The mortgage rate falls to the lowest level in 2 months
“The decline in rates increases the purchasing power of potential homebuilders and should provide a strong incentive to take a step.” “Additionally, this decline in rates is already providing an opportunity for some existing house owners to refinance. In fact, the re -stake of market mortgage applications released this week reached about 44%, which is the highest since December.”
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The 30 -year loan had come to the biggest weekly decline since mid -September, said the Chief Economist of Sam Khatar, Freddy Mac. (Steve PFOST / NewsDay RM Getty Image / Getty Image)
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The average rate on the 15-year fixed mortgage fell from 5.94% to 5.79% last week. A year ago, at the rate 15-year fixed note Average 6.22%.
