President of Global Brokerage Bruce Mosler, Kushman and Wackfield President Donald Trump, discusses the impact on commercial real estate and how Americans are handling 7 percent of mortgage rates.
Mortgage rates This week fell slightly, high as the remaining persistence, while buyers and sellers continue to wait for the decline of the stator.
Freddy Mac’s latest primary mortgage market survey, released on Thursday, showed that average rate on benchmark 30-year fixed mortgage 6.96% of the previous week’s reading stood below 6.95%. The average rate on a 30 -year loan was 6.63% a year ago.
The new finished development of homes for sales manufactured by home builder KB Holmes is depicted in Carlsbad, California. (Reuters / Mike Black / Reuters Photos)
Sam Khatar, Freddy said, “30-year-old fixed-ant is hovering between 6% and 7% for most of the last two and a half years. This trend continued this week, the average rate is compulsorily flat at 6.95%, “Sam Khatar, Freddy said. The main economist of Mac. “Inspired by these high rates and lack of frequent supply, Strength obstacles There are still many homebuilders and one of them remains on the edge. ,
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The average rate on the 15-year fixed mortgage fell from 6.16% to 6.12% last week. A year ago, the rate on the 15-year fixed note was an average of 5.94%.
