Fox Business’ Gery Willis reported an increase in fare on ‘Varni & Company’ among old Americans.
Mortgage rates Since October 2024, the lowest level collapsed, the hostage buyer Freddy Mac said on Thursday.
Freddy Mac’s latest primary mortgage market survey, released on Thursday, showed average rate on benchmark 30-year fixed mortgage 6.56% reading last week fell to 6.5%.
The figure of this week was the lowest since October 17, 2024, when the 30-year fixed rate was 6.44%on average.
The average rate on a 30 -year loan was 6.35% a year ago.
Only 28% of American homes now buy cheap power drops for cheap American domestic homes
On Thursday, Freddy Mac said that the average rate on 30 -year fixed morgue was reduced by 10 months. (Which through Lambery / Bloomberg Getty Image / Getty Image)
“The trend in hostage rates continues, increasing optimism for new buyers and current owners,” said Freddy Mac’s chief economist Sam Khatar. “As the rates continue to fall, the number of owners of the house who have the opportunity to refinance, in fact, the market mortgage applications for a refinance reached about 47%, the most since October.”
Meanwhile, the average rate on a 15-year fixed mortgage fell to 5.6% by reading 5.69% last week. A year ago, the rate on the 15-year fixed note was 5.47%.
Low rates welcome news has come in the form of real report by realtor.com, which found that less than 30% of homes American housing market Averages are cheap for home.
By August, only 28% of the houses on the market were within the reach of the typical house with maximum. Cheap house price It is falling to $ 298,000 for a mid-day house. According to the purchase power report of the real estate firm, in 2019, the figure was $ 325,000. This means that the power to buy power since 2019 is less than $ 30,000, even if the average income increased by 15.7%.
Freddy Mac said the average rate fell to 5.6%on a 15 -year fixed mortgage. (Al Drago / Bloomberg Getty Image / Getty Image)
According to Daniel Hell, the chief economist of realtor.com, high mortgage rates are largely convicted.
“Even as an increase in income, high interest rates have erased the real -world purchasing power of the typical American house,” said, “Given” Hell, “Given that” this dynamic is forcing many buyers to accommodate their expectations, whether it means to search for small houses, go away or delay the number of owners of the house. “
