Mortgage Rates Continue To Rise
WRE News April 28, 2024
Buyer
WRE News April 28, 2024
Buyer
Mortgage rates continued to soar deeper into the 7% range in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).
The 30-year fixed-rate mortgage averaged 7.17% as of April 25, up from last week when it averaged 7.10%. A year ago at this time, it averaged 6.43%.
The 15-year fixed rate mortgage averaged 6.44%, up from last week when it averaged 6.39%. A year ago at this time, it averaged 5.71%.
“Mortgage rates continued rising this week,” said Sam Khater, Freddie Mac’s chief economist. “Despite rates increasing more than half a percent since the first week of the year, purchase demand remains steady. With rates staying higher for longer, many homebuyers are adjusting, as evidenced by this week’s report that sales of newly built homes saw the biggest increase since December 2022.”
Stay up to date on the latest real estate trends.
Buyer
June 1, 2025
Predicting color trends is a skill not everyone possesses.
Buyer
May 31, 2025
Stair runners are the unsung heroes of interior design.
Lifestyle
May 31, 2025
Everything you purchase for your home says something about you and your personal style, and we've found that to be especially true when it comes to your dishes.
Lifestyle
May 30, 2025
Sitting on grocery store shelves among all of the different varieties of fruit juice is an unassuming nutritional powerhouse: tart cherry juice.
Buyer
May 30, 2025
Walk into any stunning kitchen, and odds are, the finishes get all the praise.
Lifestyle
May 30, 2025
Backroads, which calls itself the world’s #1 active travel company, is known for its walking, biking, and multi-adventure trips all over the globe.
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