Rates Fall to Their Lowest Point This Year, Existing Home Sales Soar to Seven Month High
Mortgage rates decreased another eight basis points according to the Freddie Mac Primary Mortgage Market Survey released on October 23rd. This is the third week in a row that mortgage rates have continued to trend down, now at their lowest level in over a year. At the start of 2025, the 30-year fixed-rate mortgage surpassed […]
Mortgage Rates Continue to Decrease as Consumer Confidence Dips
Mortgage rates decreased for the second week in a row, falling by another three basis points according to the Freddie Mac Primary Mortgage Market Survey released October 16th. Rates have held relatively steady over the past several weeks. More importantly, homeowners have noticed these consistently lower rates, driving an uptick in refinance activity. Combined with […]
Rates Down Slightly as Government Shutdown Enters Its Second Week
Mortgage rates decreased by four basis points according to the Freddie Mac Primary Mortgage Market Survey released on October 9th. Over the last few weeks, mortgage rates have settled in at their lowest level in about a year. There is growing evidence that homebuyers are digesting these lower rates and are gradually willing to move […]
Rates Rise Again as Consumer Sentiment Slides
For the second week in a row, mortgage rates increased by another four basis points according to the Freddie Mac Primary Mortgage Market Survey released October 2nd. However, they remain about 40 basis points lower than the 52-week average. The last few months have brought in lower rates and as indicated by the recently reported […]
Rates up slightly, GDP Stronger Than Expected
After nine consecutive weeks of decline, mortgage rates increased by four basis points according to the Freddie Mac Primary Mortgage Market Survey released September 25. However, the recent decline in interest rates has spurred housing market activity, as it continues to hold up, with purchase and refinance applications increasing by 18% and 42%, respectively, compared […]
Rates Continue to Fall, Fed Makes First Rate Cut This Year
Mortgage rates continued to fall last week, declining another 9 basis points according to the Freddie Mac Primary Mortgage Market Survey released September 18th. This is now ten weeks in a row that rates have declined, and the lowest they have been since October 2024. This has prompted many homeowners to refinance. In fact, the […]
Rates Show a Significant Week Over Week Decline as Purchase Applications Surge
Mortgage rates fell significantly last week, declining 15 basis points according to the Freddie Mac Primary Mortgage Market Survey released September 11th. This is the largest weekly drop in the past year. Mortgage rates are headed in the right direction, and homebuyers have noticed, as purchase applications reached the highest year-over-year growth rate in more […]
Rates Continue To Fall Against A Backdrop of Rising Inflation and Weak Manufacturing
Mortgage rates continued their downward trend, declining another six basis points last week, according to the Freddie Mac Primary Mortgage Market Survey released September 4th. As mortgage rates continue to trend down, optimism increases for new buyers and current owners alike. As rates continue to drop, the number of homeowners who can refinance is expanding. […]
