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 Rise To Just Below 7%

WRE News July 8, 2024

Buyer

Mortgage rates flirted with the 7% level again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).

The 30-year fixed-rate mortgage averaged 6.95% as of July 3, up from last week when it averaged 6.86%. A year ago at this time, it averaged 6.81%.

The 15-year fixed-rate mortgage averaged 6.25%, up from last week when it averaged 6.16%. A year ago at this time, it averaged 6.24%.

This week’s results included an adjustment for the observance of Independence Day.

“Mortgage rates increased this week, coming in just under 7%,” said Sam Khater, Freddie Mac’s chief economist. “Both new home and pending home sales are down, causing active listings to rise. We are still expecting rates to moderately decrease in the second half of the year and given additional inventory, price growth should temper, boding well for interested homebuyers.”

Recent Blog Posts

Stay up to date on the latest real estate trends.

Mortgage Rates Stay Flat Ahead of Holiday Weekend

December 1, 2024

Mortgage rates remained flat ahead of the Thanksgiving holiday weekend, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC).

Make Your House the Top Thing on Every Buyer’s Wish List This Season

December 1, 2024

With the holidays right around the corner, homeowners planning to move have a decision to make: sell now or wait?

Bubbling Paint Will Ruin Your Walls—Here's How Experts Prevent It

December 1, 2024

Painting is one of those home improvement tasks that people either love or despise.

Want To Boost Employee Morale And Productivity? Ramp Up Volunteering

November 30, 2024

Though there was already plenty for Allison Hope Kahn to like about working at Mastercard, it was the afternoon she and her colleagues spent volunteering at a nature p… Read more

Whale Watching Season In Paradise In Baja California Sur

November 30, 2024

Located on the beautiful coastline of the Gulf of California, Loreto is a year-round playground for fishing, surfing and boating.

St. Claire Gardens Neighborhood of Palo Alto

November 30, 2024

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

Leave a Message

Thank you for your message. We will be in touch with you shortly.

Mortgage Rates Rise To Just Below 7%

Recent Blog Posts

Mortgage Rates Stay Flat Ahead of Holiday Weekend

Make Your House the Top Thing on Every Buyer’s Wish List This Season

Bubbling Paint Will Ruin Your Walls—Here's How Experts Prevent It

Want To Boost Employee Morale And Productivity? Ramp Up Volunteering

Whale Watching Season In Paradise In Baja California Sur

St. Claire Gardens Neighborhood of Palo Alto

We are Your GPS to Success Let’s Get Started

Follow Us On Instagram

Get in Touch

Contact Details