Redfin CEO Glenn Calman unpacked the situation of the housing market on ‘Bairon’s Roundateable’.
The mortgage rate remained at a three -month low this 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 6.63% from the previous week to 6.65%. The average rate on a 30 -year loan was 6.74% a year ago.
“Despite the instability in the markets, 30-year fixed rate mortgage The main economist of Freddy Mac, “Sam Khatar, was essentially flat since last week.” Horticulture rates are relatively low in the last few months, and homebuilders have responded. ,
The average rate on the benchmark 30-year fixed mortgage was 6.65% from 6.63% of the previous week. (Through Steve PFOST/NewsDay RM)
“A combination of low -low mortgage rates and improvement in inventory is a positive signal for homebukers in this important spring homebuying season,” said Khatar.
Horticulture rates fall again with the biggest weekly decline from mid -September.
Is the US housing market being a buyer friendly market?
The average rate on the 15-year fixed mortgage increased from 5.79% to 5.8% last week. A year ago, at the rate 15-year fixed note Average 6.16%.
Joel Burner, senior economist at realtor.com, told Fox Business that the 2025 housing market is giving shape to be more buyer.
The average rate on the 15-year fixed mortgage was from 5.79% to 5.8% last week. (Which through Lambery / Bloomberg / Getty Image)
He said that now there is a good time for buyers to enter the market, especially in 2024, especially in 2024, which was the slowest year for the sale of the current house since 1996, according to firm data.
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They believe that the housing market is infection in one seller’s market more balanced than the market, with increased inventory, more price reduction, More time on market and low listing prices compared to last year, with all current buyers contributing to favorable conditions.
Fox Business’ Denila Jenoves contributed to this report.
