Mortgage Rates Remain Flat
WRE News September 6, 2024
Buyer
WRE News September 6, 2024
Buyer
Mortgage rates remained flat in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).
The 30-year fixed-rate mortgage averaged 6.35% as of Sept. 5, unchanged from last week. A year ago at this time, it averaged 7.12%.
The 15-year fixed-rate mortgage averaged 5.47%, down from last week when it averaged 5.51%. A year ago at this time, it averaged 6.52%.
“Mortgage rates remained flat this week as markets await the release of the highly anticipated August jobs report,” said Sam Khater, Freddie Mac’s chief economist. “Even though rates have come down over the summer, home sales have been lackluster. On the refinance side however, homeowners who bought in recent years are taking advantage of declining mortgage rates in order to lower their monthly payments.”
Stay up to date on the latest real estate trends.
Lifestyle
September 16, 2024
Running is having quite the moment right now.
Lifestyle
September 16, 2024
From financial challenges to work stressors, there are countless pressures on modern marriages.
Seller
September 16, 2024
Getting your house ready to sell?
Lifestyle
September 15, 2024
In recent years, advice on time management seems to be a burgeoning business.
Lifestyle
September 15, 2024
Wellness executive Justin Nedelman wakes up at 4:15 a.m. each morning without fail—and without the chime of an alarm.
Buyer
September 15, 2024
If you’re looking for a city that will pay you to move there—look no further.
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