Mortgage Rates Go Into Decline
WRE NEWS February 7, 2025
Seller
WRE NEWS February 7, 2025
Seller
Mortgage rates were down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).
The 30-year fixed-rate mortgage averaged 6.89% as of Feb. 6, down from last week when it averaged 6.95%. A year ago at this time, it averaged 6.64%.
The 15-year fixed-rate mortgage averaged 6.05%, down from last week when it averaged 6.12%. A year ago at this time, it averaged 5.90%.
“The 30-year fixed-rate mortgage decreased this week, now averaging 6.89%,” said Sam Khater, Freddie Mac’s chief eonomist. “Mortgage rates have been stable over the last month and incoming data suggest the economy remains on firm footing. Even though rates are higher compared to last year, the last two weeks of purchase applications are modestly above what we saw a year ago, indicating some latent demand in the market.”
Stay up to date on the latest real estate trends.
Seller
May 8, 2025
As you think ahead to your own move, you may have noticed some houses sell within days, while others linger.
Buyer
May 8, 2025
With all the uncertainty in the economy, the stock market has been bouncing around more than usual.
Buyer
May 6, 2025
Saving up to buy a home can feel a little intimidating, especially right now.
Seller
May 6, 2025
Thanks to recent home price appreciation, homeowners have near record amounts of equity – and you may too.
Buyer
May 6, 2025
Buyer
May 5, 2025
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