Mortgage Rates Stay Flat Ahead of Holiday Weekend
WRE NEWS December 1, 2024
Buyer
WRE NEWS December 1, 2024
Buyer
Mortgage rates remained flat ahead of the Thanksgiving holiday weekend, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC).
The 30-year fixed-rate mortgage averaged 6.81% as of Nov. 27, down from last week when it averaged 6.84%. A year ago at this time, the 30-year FRM averaged 7.22%.
The 15-year fixed-rate mortgage averaged 6.10%, up from last week when it averaged 6.02%. A year ago at this time, it averaged 6.56%.
“The 30-year fixed-rate mortgage moved down this week, but not by much,” said Sam Khater, Freddie Mac’s chief economist. “Rates have been relatively flat over the last few weeks as the market waits for more clarity on specific economic policies. Potential homebuyers are also waiting on the sidelines, causing demand to be lackluster. Despite the low sales activity, inventory has only modestly improved and remains dramatically undersupplied.”
Stay up to date on the latest real estate trends.
Buyer
January 17, 2025
If the idea of moving abroad has recently seemed a lot more appealing due to current events—you’re not alone.
Lifestyle
January 17, 2025
January 1st is a fresh start. When the clock strikes midnight, no matter how many times you continue to mistakenly write 2024 instead of 2025, the new year is upon us.
Buyer
January 17, 2025
Many people dream of moving abroad, whether it's to experience a different culture, a desire for a slower life, or as am escape from the ever changing political climat… Read more
Buyer
January 17, 2025
There’s one essential step in the homebuying process you may not know a whole lot about and that’s pre-approval. Here’s a rundown of what it is and why it’s so importa… Read more
Buyer
January 17, 2025
Buyer
January 16, 2025
Having too much space sounds like the kind of problem we all wish we had. But in the case of this 17,200-square-foot house in Westlake, Texas, a suburb of Dallas, the … 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