Resiclub co-founder and editor-in-chief Lance Lamart addressed the growing concerns about the housing market on ‘Money Making Money’.
Mortgage rates On Thursday, hostage buyer Freddy Mac said that the fifth week for the fifth week from mid -April fell to the lowest level.
Freddy Mac’s latest primary mortgage market survey, released on Thursday, showed that average rate on benchmark 30-year fixed mortgage 6.77% of the previous week’s reading fell to 6.67%.
The average rate on a 30 -year loan was 6.95% a year ago.
The average rate on a 30 -year loan was 6.95% a year ago. (Photographer: Loren Elliott / Bloomberg Getty Embolce / Getty Image)
“This is the biggest weekly decline from the beginning of March,” said Freddy Mac’s chief economist Sam Khatar. “The falling mortars are encouraged and, while overall ability challenges remain, we see more vendors entering the market, giving potential buyers a profit.”
According to realtor.com, these state housing markets were MVPS
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The average rate on the 15-year fixed mortgage fell to 5.8% from reading 5.89% last week. A year ago, the rate on a 15-year fixed note was 6.25%on average.
