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 Drop Again

WRE News July 20, 2024

Buyer

Mortgage rates continued to decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).

The 30-year fixed-rate mortgage averaged 6.77% as of July 18, down from last week when it averaged 6.89%. A year ago at this time, it averaged 6.78%.

The 15-year fixed-rate mortgage averaged 6.05%, down from last week when it averaged 6.17%. A year ago at this time, it averaged 6.06%.

“The 30-year fixed-rate mortgage fell to its lowest level since mid-March, dropping 12 basis points from last week,” said Sam Khater, Freddie Mac’s chief economist. “Mortgage rates are headed in the right direction and the economy remains resilient, two positive incremental signs for the housing market. However, homebuyers have yet to respond to lower rates, as purchase application demand is still roughly 5% below Spring, when rates were approximately the same. This is not uncommon: sometimes as rates decline, demand weakens, and the apparent paradox is driven by buyers making sure rates don’t decline further before they decide to purchase.”

Recent Blog Posts

Stay up to date on the latest real estate trends.

Is It Better To Rent or Buy a Home?

June 1, 2025

You’ve probably asked yourself lately: Is it even worth trying to buy a home right now?

What Paint Colors Will Rule 2026? Designers Make Their Predictions

June 1, 2025

Predicting color trends is a skill not everyone possesses.

13 Designer-Approved Stair Runner Ideas That Add INSTANT Character

May 31, 2025

Stair runners are the unsung heroes of interior design.

What Your Dishware Aesthetic REALLY Says About Your Personality

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.

3 benefits of antioxidant-packed tart cherry juice, according to science

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.

The BEST Way To Light Your Kitchen Is Not What You Think

May 30, 2025

Walk into any stunning kitchen, and odds are, the finishes get all the praise.

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