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.
Buyer
July 17, 2025
Over the past few years, affordability has been the biggest challenge for homebuyers.
Buyer
July 17, 2025
Buyer
July 17, 2025
Lifestyle
July 16, 2025
Designers are experts at designing bathrooms that are full of style and functionality alike.
Buyer
July 16, 2025
If recent home price headlines have you feeling worried, here’s some perspective.​​
Buyer
July 15, 2025
Buying your first home is a big milestone – and the right support is going to make it a whole lot easier.
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