Long-term Mortgage Rates Fall, Revitalizing Housing Market

Long-term mortgage rates fell over the past week, sparking renewed interest in home purchases and revitalizing the stagnant housing market. The Mortgage Bankers Association (MBA) reported a 6.3% increase in mortgage applications, with purchase demand surging 52% from a year ago. Freddie Mac's Primary Mortgage Market Survey showed that the average rate on the 30-year fixed mortgage fell slightly to 6.81%, down from 6.84% the previous week.

Despite this slight decline, the housing market remains constrained by affordability issues. Freddie Mac's chief economist, Sam Khater, noted that potential homebuyers are waiting for further rate drops and more clarity on economic policies

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Mortgage rates surge higher on Trump victory, causing housing stocks to fallLennar, D.R. Horton and PulteGroup were all down Wednesday. Retailers Home Depot and Lowe's were also lower.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Housing market posts first gain in more than 3 years with dip in mortgage ratesThe housing market is showing signs of life at the end of 2024, posting its first monthly sales gain in more than three years in October as buyers took advantag
Herkunft: 13WHAM - 🏆 256. / 63 Weiterlesen »

Housing market posts first gain in more than 3 years with dip in mortgage ratesThe housing market is showing signs of life at the end of 2024, posting its first monthly sales gain in more than three years in October as buyers took advantag
Herkunft: News4SA - 🏆 251. / 63 Weiterlesen »