Mortgage Rates Down Slightly, Though Still Elevated
WRE News May 18, 2024
Buyer
WRE News May 18, 2024
Buyer
Mortgage rates registered a decline in the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC).
The 30-year fixed-rate mortgage averaged 7.02% as of May 16, down from last week when it averaged 7.09%. A year ago at this time, it averaged 6.39%.
The 15-year fixed-rate mortgage averaged 6.28%, down from last week when it averaged 6.38%. A year ago at this time, it averaged 5.75%.
“Mortgage rates decreased for the second consecutive week,” said Sam Khater, Freddie Mac’s chief economist. “Given the news that inflation eased slightly, the 10-year Treasury yield dipped, leading to lower mortgage rates. The decrease in rates, albeit small, may provide a bit more wiggle room in the budgets of prospective homebuyers.”
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