Mortgage Rates Up For Fourth Straight Week
WRE News March 5, 2024
Buyer
WRE News March 5, 2024
Buyer
Mortgage rates climbed for the fourth consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).
The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, up from last week when it averaged 6.90%. A year ago at this time, it averaged 6.65%.
The 15-year fixed-rate mortgage averaged 6.26%, down from last week when it averaged 6.29%. A year ago at this time, it averaged 5.89%.
“Mortgage rates continued their ascent this week, reaching a two-month high and flirting with 7% yet again,” said Sam Khater, Freddie Mac’s chief economist. “The recent boomerang in rates has dampened already tentative homebuyer momentum as we approach the spring, a historically busy season for homebuying. While sales of newly built homes are trending in a positive direction, higher rates and elevated prices continue to pose affordability challenges that may leave potential homebuyers on the sidelines.”
Stay up to date on the latest real estate trends.
Buyer
October 10, 2025
Seller
October 10, 2025
These days, you’re going to want to get your price right when you get ready to sell your house.
Buyer
October 9, 2025
If you’ve been following real estate news lately, you’ve probably seen headlines saying home prices are flat.
Buyer
October 8, 2025
Learn how Jackie (Jaleh) and Richard sold a stunning modern Menlo Park home with an attached ADU in just two weeks through a data-driven pre-market strategy.
Buyer
October 7, 2025
You want mortgage rates to fall – and they've started to. But is it going to last? And how low will they go?
Buyer
October 3, 2025
If you’ve been watching from the sidelines, now’s the time to lean in. It’s officially the best time to buy this year.
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