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Mortgage Rates
Real Estate Investors Driven to Buy as Mortgage Rates Continue to Fall
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...
Post-Election Fed Rate Cut Fuels Real Estate Investors to Buy
In line with the Federal Reserve’s previous move that cut the benchmark interest rate by 0.50 percentage points, rates have been decreased once again. The second Fed rate cut of the year, which took place just two days after the presidential election, was...
Mortgage Rates Rise Defying Optimistic Forecasts Following Major Fed Rate Cut
The 30-year fixed-rate mortgage increased for the third week in a row, with the latest rate reaching 6.44%, up from 6.32% last week, as reported by Freddie Mac. Mortgage rates were expected to ease up in response to the Fed’s jumbo rate cut last month, but they...
Fed’s Drastic Rate Cut Drives Investors to Buy Before Housing Prices Surge
On Wednesday, The Federal Reserve made a significant move to lower its benchmark interest rate by 0.50 percentage points, or double the usual 0.25 percentage point cut. The move, approved by 11 out of 12 Fed voters, lowers the benchmark rate to a range between 4.75%...
2024 Summer Housing Market Jumpstarts with Reduced Mortgage Rates Prompting Investors to Buy
Cooler mortgage rates are ushering in the 2024 summer housing market, providing a glimmer of hope for the real estate sector. According to Freddie Mac, the new season kicked off with a rate of 6.87% for the week starting June 20th, down from last week’s 6.95%....
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