Mortgage Rates Slide To Just Under 7%
WRE News June 9, 2024
Buyer
WRE News June 9, 2024
Buyer
Mortgage rates dipped in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).
The 30-year fixed-rate mortgage averaged 6.99% as of June 6, down from last week when it averaged 7.03%. A year ago at this time, it averaged 6.71%.
The 15-year fixed-rate mortgage averaged 6.29%, down from last week when it averaged 6.36%. A year ago at this time, it averaged 6.07%.
“Mortgage rates retreated this week given incoming data showing slower growth,” said Sam Khater, Freddie Mac’s chief economist. “Rates are just shy of 7%, and we expect them to modestly decline over the remainder of 2024. If a potential buyer is looking to buy a home this year, waiting for lower rates may result in small savings, but shopping around for the best rate remains tremendously beneficial.”
Stay up to date on the latest real estate trends.
Buyer
January 3, 2025
Buyer
January 1, 2025
Lifestyle
December 31, 2024
Year-end fitness trend reports are in, and one workout is a clear winner: Pilates.
Buyer
December 30, 2024
More homeowners are realizing they need an agent’s help in this complex market – and that’s why a record-low number of people are selling without a pro by their side.
Lifestyle
December 30, 2024
Northern California’s Wine Country offers much more than just world-class wines—it’s a robust blend of natural beauty, rural charm, and a relaxed lifestyle that draws … Read more
Buyer
December 30, 2024
Fans of “The Real Housewives of Salt Lake City” have been captivated by the show’s stunning mansions, with breathtaking views of snow-capped mountains peeking through … Read more
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