Rates Increase for Second Week, Consumer Spending Remains Resilient Mortgage rates increased thirteen basis points according to the Freddie Mac Primary Mortgage Market Survey released December 26th. This is on top of last week’s 12 basis point increase. While a slight improvement in new and existing home sales is encouraging, the market remains plagued by …
Mortgage Rates Continue to Fall, Fed Cuts Rates as Anticipated Mortgage rates continue their downward trajectory, falling another 11 basis points last week according to the Freddie Mac Primary Mortgage Market Survey released September 19th. As they continue to decline towards the six percent mark, it is reviving purchase and refinance demand for many consumers. …
Rates Fall, But Affordability Challenges and Limited Inventory Remain Mortgage rates fell another 15 basis points last week according to the Freddie Mac Primary Mortgage Market Survey released September 12th. They have now fallen more than half a percent over the last six weeks and are at their lowest level since February 2023. Rates continue …
Rates hold Steady, Markets Await Friday’s Jobs Numbers for Direction Mortgage rates remained flat week to week according to the Freddie Mac Primary Mortgage Market Survey released September 5th. The markets await the release of the highly anticipated August jobs report. Even though rates have come down over the summer, home sales have been lackluster. …
Rates Decrease Again, Fed Signals Interest Rate Cut Mortgage rates decreased again this week, another 11 basis points from last week according to the Freddie Mac Primary Mortgage Market Survey released August 29th. With expectations of a Fed rate cut now clear, rates are expected to continue their decline and while potential homebuyers are watching …
Mortgage Rates Decrease Slightly, Big Downward Revision In Non-Farms Payroll Mortgage rates decreased 3 basis points from last week, according to the Freddie Mac Primary Mortgage Market Survey released August 22nd. Although mortgage rates have stayed relatively flat over the past couple of weeks, softer incoming economic data suggest rates will gently slope downward through …
Rates Essentially Unchanged, CPI Breaks Key Psychological Barrier Mortgage rates increased 2 basis points from last week, according to the Freddie Mac Primary Mortgage Market Survey released August 15th. While rates increased slightly this week, they remain more than half a percent lower than the same time last year. In October 2023, the 30-year fixed-rate …
Significant Decrease in Mortgage Rates on Weak Economic News Mortgage rates decreased 26 basis points from last week, according to the Freddie Mac Primary Mortgage Market Survey released August 8th. This is their lowest level in over a year and is following the likely overreaction to a less than favorable employment report and financial market …
Mortgage Rates Continue to Decline, Federal Reserve Likely to Cut Rates In September Mortgage rates declined to their lowest level since early February, decreasing 5 basis points from last week according to the Freddie Mac Primary Mortgage Market Survey released August 1st. Expectations of a Fed rate cut coupled with signs of cooling inflation bode …
Rates Essentially Unchanged; Both New Home Sales and Existing Home Sales Softer than Expected Mortgage rates increased 1 basis point from last week according to the Freddie Mac Primary Mortgage Market Survey released July 24th. Although they essentially remained flat from last week, they have decreased nearly half a percent from their peak earlier this …
Publisher: HomeLight
Article: Is It Too Low? What Is Reasonable to Offer Below Asking Price
Link: https://tinyurl.com/2jp6kbmh
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