Leave a Message

By providing Jackie Schoelerman your contact information, you acknowledge and agree to our Privacy Policy and consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.

Thank you for your message. We will be in touch with you shortly.

Mortgage Rates Down For Fifth Straight Week

WRE News December 1, 2023

Buyer

Mortgage Rates Down For Fifth Straight Week

Mortgage rates continued their downward trajectory for the fifth consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).

The 30-year fixed-rate mortgage averaged 7.22% as of Nov. 30, down from last week when it averaged 7.29%. A year ago at this time, it averaged 6.49%.

The 15-year fixed-rate mortgage averaged 6.56%, down from last week when it averaged 6.67%. A year ago at this time, it averaged 5.76%.

“Market sentiment has significantly shifted over the last month, leading to a continued decline in mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. “The current trajectory of rates is an encouraging development for potential homebuyers, with purchase application activity recently rising to the same level as mid-September when rates were similar to today’s levels. The modest uptick in demand over the last month signals that there will likely be more competition in a market that remains starved for inventory.”

Recent Blog Posts

Stay up to date on the latest real estate trends.

The 8 Best Paris Food Tours 2024

July 26, 2024

A trip to Paris wouldn’t be complete without indulging in France’s most iconic culinary delights, from buttery croissants to fine cheeses and wine.

New Data Reports Offer Rival Views Of The Rental Housing Markets

July 26, 2024

Two newly published data reports are offering very different views on the best markets for rental housing.

The Fortune 50 Best Places To Live Will Serve Multigenerational Families For The Long Haul

July 25, 2024

When 51-year-old Pazit Aviv walks her dog in her Silver Spring, Md., neighborhood, it takes an extra 30 minutes as she inevitably gets lost in an impromptu chat with a… Read more

A Newly Built Home May Actually Be More Budget-Friendly

July 25, 2024

If you’re in the market to buy a home, there’s some exciting news for you.

Sustainable Food And Drink: Products That Taste Good And Do Right

July 24, 2024

The success of a food or drink business is predicated on many things—quality, flavor, price and market reach, to name a few—but in a world plagued by climate change, w… Read more

Why A Foreclosure Wave Isn’t On The Horizon

July 24, 2024

Even though data shows inflation is cooling, a lot of people are still feeling the pinch on their wallets.

View All

We are Your GPS to Success Let’s Get Started

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

Schedule Appointment