Mortgage Rates Continue To Slip
WRE News June 15, 2024
Buyer
WRE News June 15, 2024
Buyer
Mortgage rates declined again, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).
The 30-year fixed-rate mortgage averaged 6.95% as of June 13, down from last week when it averaged 6.99%. A year ago at this time, it averaged 6.69%.
The 15-year fixed-rate mortgage averaged 6.17%, down from last week when it averaged 6.29%. A year ago at this time, it averaged 6.10%.
“Mortgage rates continued to fall back this week as incoming data suggests the economy is cooling to a more sustainable level of growth,” said Sam Khater, Freddie Mac’s Chief Economist. “Top-line inflation numbers were flat but shelter inflation, which measures rent and homeownership costs, increased showing that housing affordability continues to be an ongoing impediment for buyers on the house hunt.”
Stay up to date on the latest real estate trends.
Seller
December 26, 2025
When your house doesn’t sell, it does more than disrupt your plans, it hits close to home.
Seller
December 23, 2025
Hearing talk about home prices falling? That may leave you worried about whether your house is losing value.
Seller
December 19, 2025
The housing market hasn’t felt this energized in a long time – and the numbers backing that up are hard to ignore.
Buyer
December 18, 2025
You may not want to put your homebuying plans into hibernation mode this winter.
December 18, 2025
Buyer
December 16, 2025
One of the biggest homebuying advantages you can give yourself today is surprisingly simple: a flexible wish list.
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