Mortgage Rates Drop Again
WRE News March 18, 2024
Buyer
WRE News March 18, 2024
Buyer
The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) found rates in decline.
The 30-year fixed-rate mortgage averaged 6.74% as of March 14, down from last week when it averaged 6.88%. A year ago at this time, it averaged 6.60%.
The 15-year fixed-rated mortgage averaged 6.16%, down from last week when it averaged 6.22%. A year ago at this time, it FRM averaged 5.90%.
“The 30-year fixed-rate mortgage decreased again this week, with declines totaling almost a quarter of a percent in two weeks’ time,” said Sam Khater, Freddie Mac’s chief economist. “Despite the recent dip, mortgage rates remain high as the market contends with the pressure of sticky inflation. In this environment, there is a good possibility that rates will stay higher for a longer period of time.”
Stay up to date on the latest real estate trends.
Buyer
January 20, 2025
The Chicago-area residence that gained pop culture immortality as the residence of the “Home Alone” family officially has new owners.
Lifestyle
January 20, 2025
You have brains in your head.
Buyer
January 20, 2025
Wondering what to expect when you buy or sell a home this year?
Buyer
January 20, 2025
The Calif. Dept. of Insurance announced it is issuing a mandatory one-year moratorium on insurance non-renewals and cancellations for homeowners impacted by the Southe… Read more
Buyer
January 20, 2025
The IRS has announced relief available to victims of California wildfires and straight-line winds that began on January 7, 2025.
Buyer
January 19, 2025
Canada recorded 245,120 housing starts in 2024, up 2% year-over-year, according to data from the Canada Mortgage and Housing Corporation (CMHC).
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