Mortgage Rates Rise To Just Below 7%
WRE News July 8, 2024
Buyer
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.”
Stay up to date on the latest real estate trends.
December 4, 2025
Buyer
December 2, 2025
Focus on homes that have been sitting on the market for a while.
Seller
November 28, 2025
When the holidays roll around, travel plans, family gatherings, and all the chaos of the season may make you think it’s better to pull your listing off the market or t… Read more
November 21, 2025
Buyer
November 21, 2025
Homebuyers are watching the economy closely, and for good reason.
Seller
November 21, 2025
Here’s something you should know before you sell your house.
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