Long-term Mortgage Rates Fall, Revitalizing Housing Market

📆 29/11/2024 21:00:00
📰 FOXLA

⏱ Reading Time:
13 sec. here
7 min. at publisher
📊 Quality Score:
News: 25%
Publisher: 53%

Finance Notizia

Long-Term Mortgage Rates,Housing Market,Mortgage Applications

Long-term mortgage rates have decreased, boosting home purchase interest and improving the stagnant housing market. Mortgage applications surged 6.3%, with purchase demand up 52% from last year. Though rates declined slightly, affordability remains a challenge.

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

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Scrivi un Commento

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

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.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

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
Fonte: 13WHAM - 🏆 256. / 63 Leggi di più »