Mortgage Rates Continue to Drop
WRE NEWS March 8, 2025
Seller
WRE NEWS March 8, 2025
Seller
Mortgage rates continued their decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).
The 30-year fixed-rate mortgage averaged 6.63% as of March 6, down from last week when it averaged 6.76%. A year ago at this time, it averaged 6.88%.
The 15-year fixed-rate mortgage averaged 5.79%, down from last week when it averaged 5.94%. A year ago at this time, it averaged 6.22%.
“As the spring homebuying season gets underway, the 30-year fixed-rate mortgage saw the largest weekly decline since mid-September,” said Sam Khater, Freddie Mac’s chief economist. “The decline in rates increases prospective homebuyers’ purchasing power and should provide a strong incentive to make a move. Additionally, this decline in rates is already providing some existing homeowners the opportunity to refinance. In fact, the refinance share of market mortgage applications released this week reached nearly 44%, the highest since mid-December.”
Stay up to date on the latest real estate trends.
Seller
March 9, 2025
Home staging might seem counterintuitive at first blush: Why spend money on real estate if you're moving out?
Lifestyle
March 8, 2025
When Anne Poirier was 45, she went to battle with her body: restricting what she ate, and exercising for up to five hours a day.
Seller
March 8, 2025
Mortgage rates continued their decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).
Seller
March 8, 2025
Anyone designing a small bedroom knows the struggle of trying to fit in all of the must-have pieces of furniture: bed frame, dresser, and nightstands.
Lifestyle
March 7, 2025
When life comes to a screeching halt after experiencing a chronic illness or disability, it can be challenging to see a clear path forward and stay motivated on your r… Read more
Lifestyle
March 7, 2025
If you were to stack up every parenting book ever written, the tower of how-to and what-to-do manuals would likely stretch well beyond the clouds.
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today