Mortgage Rates Archives - Morris Invest

March Home Sales Fell 5.9% – Largest Decline in Over Two Years

13-J0000004-1999 | Home Affordability Crisis, Housing Market, Mortgage Rates

The housing market faced a challenging start to the critical spring season as many potential buyers sat on the sidelines, waiting out economic uncertainty. Because of this, existing home sales fell in March, resulting in the steepest monthly drop since 2022, which...

After Seven-Week Decline Mortgage Rates Increase Amid Fear of Economic Instability

13-J0000003-1999 | Housing Market, Mortgage Rates

Breaking a seven-week trend, average 30-year mortgage rates have ticked upward, settling at 6.65% for the week ending March 13, as reported by Freddie Mac. This represents a small increase from the previous week’s 6.63% and is still lower than the 6.74% average...

Mortgage Rates Dip to Lowest Level of 2025 as Spring Homebuying Season Inches Closer

13-J0000002-1999 | Housing Market, Mortgage Rates

For a fourth straight week, mortgage rates dipped slightly to 6.87% on a 30-year fixed-rate mortgage. Weaker-than-expected retail sales data drove the 10-year Treasury yield lower, which may be responsible for this push below 7%. The rate drop has given prospective...

30-Year Mortgage Rates Fall Under 7% After Six-Week Climb

13-J0000001-1999 | Housing Market, Mortgage Rates

After a stretch of increases lasting over a month, mortgage rates have finally dipped below 7%, providing some hope for prospective homebuyers. According to Freddie Mac’s Primary Mortgage Market Survey, the 30-year fixed-rate fell to 6.96% on January 23, down...

Climbing Mortgage Rates Create Barriers for Homebuyers, Open Doors for Investors

13-J0000001-1999 | Housing Market, Investing in Real Estate, Mortgage Rates

Freddie Mac’s recent numbers reveal that the average 30-year fixed-rate mortgage had climbed to 6.93%, an increase from the previous week and higher than this same time last year. Additionally, mortgage rates have remained above 6% since late 2022, which is a...

Real Estate Investors Driven to Buy as Mortgage Rates Continue to Fall

13-J00000012-1999 | Investing in Real Estate, Mortgage Rates, Treasury Yields

The average rate for a 30-year fixed-rate mortgage experienced another dip, landing at 6.69% this week, as reported by Freddie Mac. Down from 6.81% just last week, this rate shift was just enough to boost purchase applications by 6%, which reflects the pent-up...