“Mansion Global” host Katrina Campins discusses the best time to place property in the market in “Claman Countdown.”
Mortgage fees remained flat this week, mortgage buyer Freddie Mac said Thursday.
Freddie Mac’s latest primary mortgage market research, released Thursday, showed that the average rate for the benchmark 30-year fixed mortgage was no different from last week at 6.76%.
The average rate for a 30-year loan was 7.09% a year ago.
Is the US housing market a buyer-friendly market?
“Mortgage fees have been flattened this week,” said Sam Carter, chief economist at Freddie Mac. “At this point last year, 30-year fixed-rate mortgages were 30 basis points higher and purchase applications were down. Today, prices are low, steady for several weeks, causing a continuous increase in purchase applications.”
The average 15-year fixed mortgage rate fell to 5.89% from reading last week at 5.92%. A year ago, the 15-year fixed note rate averaged 6.38%.
According to Realtor.com, these states were housing market MVPS
Americans have faced a long-standing affordability crisis and supply issues in the housing market, making it difficult for first-time home buyers to enter the market.
“America has actually hit 30 years’ lows for the last two years,” says Realtor.com CEO Damian Eales, who has said that with the recent arrival of “Maria with Maria,” we’ve been bumping into each other for two years. “That’s mainly due to high interest rates. In fact, most American mortgages are close to 6.8%, so they probably will soon rise.
According to the supply gap of 3.8 million homes Realtor.com Report Released in March.
Aislinn Murphy from Fox Business contributed to this report
