Marco Santarelli

FEBRUARY 15, 2025

As Lisa Sturtevant, Chief Economist at Bright MLS, points out , “The stickiest part of the inflation measure has been the housing component. Compare rates from multiple lenders to ensure you're getting the best deal possible. However, be aware that the rate can adjust over time, potentially increasing your monthly payments.

Mortgages

Marco Santarelli

FEBRUARY 8, 2025

Lisa Sturtevant , the chief economist at Bright MLS, highlighted the “mixed bag” aspect of the report. Compare rates and fees from multiple lenders to make sure you're getting the best deal. However, be aware that the rate could increase in the future.

Mortgages

Housing Wire

NOVEMBER 2, 2023

Mortgage rates stabilized this week as the Federal Reserve decided to keep its rates unchanged Wednesday. However, mortgage rates still remain at a 23-year high. The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, according to Freddie Mac ‘s Primary Mortgage Market Survey.

Fixed-rate mortgage

Housing Wire

JANUARY 4, 2024

In the first week of 2024, mortgage rates continued to stick around the mid 6% mark. The 30-year fixed-rate mortgage averaged 6.62% as of Jan. 4, a slight increase from the 6.61% rate recorded on Dec. 28 , according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

Fixed-rate mortgage

Housing Wire

OCTOBER 5, 2023

Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.49% as of Oct. By contrast, the 30-year fixed-rate mortgage was at 6.66% a year ago at this time. 5th, up 18 basis point from last week ’s 7.31%.

Fixed-rate mortgage

Housing Wire

DECEMBER 21, 2023

Lower rates will have a positive impact on affordability, Lisa Sturtevant, chief economist at Bright MLS, said in a statement. Bright MLS forecasts the average on a fixed-rate mortgage rate to fall to 6.5% by mid-year and to decline further to 6.2% by the end of next year.

Mortgages

Housing Wire

JANUARY 11, 2024

Mortgage rates ticked up this week as the 10-year Treasury yield made its way back above 4%. The 30-year fixed-rate mortgage averaged 6.66% as of Jan. 11, a slight increase from last week’s 6.62%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

Fixed-rate mortgage

Housing Wire

OCTOBER 12, 2023

Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year, fixed-rate mortgage averaged 7.57% as of Oct. By contrast, the 30-year, fixed-rate mortgage was at 6.92% a year ago at this time.

Fixed-rate mortgage

Housing Wire

FEBRUARY 15, 2024

Mortgage rates climbed 13 basis points this week on the back of Tuesday’s strong inflation reading. The 30-year fixed-rate mortgage averaged 6.77% as of Feb. 15, an increase from last week ’s figure of 6.64%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages

Housing Wire

DECEMBER 20, 2023

Sales were subdued in 2023 because of high mortgage rates and a lack of inventory Overall, Lisa Sturtevant, chief economist at Bright MLS, expects to see 4.1 Higher rates and lack of resale inventory dampened the housing market in 2023. However, the 30-year fixed-rate mortgage fell below 7% for the first time since Aug.

Sales

Housing Wire

NOVEMBER 16, 2023

HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 7.409% on Thursday, compared to 7.444% the previous week. However, there is room for mortgage rates to fall further, according to Bright MLS Chief Economist Lisa Sturtevant.

Mortgages

Housing Wire

JANUARY 25, 2024

Mortgage rates stabilized in the past week but remain close to the narrow range observed since the start of this month. The 30-year fixed-rate mortgage averaged 6.69% as of Jan. 25, an increase from last week’s figure of 6.60%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages

Housing Wire

FEBRUARY 1, 2024

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages

Housing Wire

DECEMBER 14, 2023

Meanwhile, HousingWire’s Mortgage Rates Center showed Optimal Blue ’s average 30-year fixed rate on conventional loans at 6.9% In today’s market, about two-thirds of outstanding mortgages still feature rates below 4%, and over 90% feature rates lower than 6%. on Thursday.

Mortgages

Housing Wire

SEPTEMBER 7, 2023

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 5.89% a year ago at this time. 7, down from last week ’s 7.18%.

Mortgages

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 And it could be a while before they tick back down, economists say. on Wednesday.

Mortgages

Housing Wire

JULY 31, 2024

With both mortgage rates and home prices high, the median monthly payment for a homebuyer taking out a 30-year fixed rate mortgage is now over $3,000 and is up more than 20% from just two years ago,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement.

Sales

Housing Wire

AUGUST 10, 2023

Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.96% as of August 10, up from last week ’s 6.90%. By contrast, the 30-year fixed-rate mortgage was at 5.22% a year ago at this time.

Fixed-rate mortgage

Housing Wire

FEBRUARY 27, 2023

NAR expects the economy to continue adding jobs throughout 2023 and 2024, and the 30-year fixed rate mortgage to steadily drop to an average of 6.1% Despite the strong monthly increase, pending home sales are down 24.1% compared to a year ago. An index of 100 is equal to the level of contract activity in 2001. in 2023 and 5.4%

Sales

Housing Wire

SEPTEMBER 21, 2023

However, month-over-month, the median home price nationally was flat in August, Bright MLS Chief Economist Lisa Sturtevant noted. Elevated mortgage rates add to affordability pain As of Aug. 17, mortgage rates surpassed 7%, the 30-year, fixed-rate mortgage averaged 7.18% as of Sept.

Sales

Housing Wire

JANUARY 19, 2024

“Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November. But we can’t blame high mortgage rates for the deficit in transactions last year.

Fixed-rate mortgage

Housing Wire

SEPTEMBER 14, 2023

Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.18% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 6.02% a year ago at this time. 14, up from last week ’s 7.12%.

Mortgages

Housing Wire

NOVEMBER 23, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage slowed its downward trajectory this week, declining three basis points from last week to 6.41%. Rates averaged 3.10% at this time one year ago. ” Other indexes show rates are slowly declining as well.

Mortgages

Housing Wire

AUGUST 31, 2023

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.18% as of Aug. By contrast, the 30-year fixed-rate mortgage was at 5.66% a year ago at this time. 31, down from last week ’s 7.23%.

Mortgages

Housing Wire

FEBRUARY 15, 2023

It means that the Federal Reserve will push forward with rate hikes through the spring, which will increase borrowing costs for consumers and businesses,” Lisa Sturtevant, Bright MLS ’ chief economist, said in a statement. 10, compared to the previous week’s 6.18%.

Mortgages

Housing Wire

AUGUST 24, 2023

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.23% as of August 24, up from last week ’s 7.09%. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time.

Mortgages

Housing Wire

DECEMBER 23, 2022

The run-up in home prices was driven by rock-bottom mortgage rates and pandemic-fueled demand. As the pandemic took hold in the spring of 2020 and the Federal Reserve cut the federal funds rate to near zero, the average rate on a 30-year fixed-rate mortgage fell to below 3%, the lowest rate on record.

Marketing

Housing Wire

MARCH 14, 2023

“Before this week’s bank failures and growing risks in the banking sector, the February inflation report would have meant that it was all but certain that the Federal Reserve would continue to raise rates,” Lisa Sturtevant, Bright MLS chief economist, said in a statement. Compared to a year ago, the shelter index was up 8.1%

Banks

Housing Wire

SEPTEMBER 20, 2023

range on Wednesday morning, according to interest rate traders. of these investors bet officials will freeze the rate hike at the November 1st meeting. On Monday, mortgage rates for 30-year fixed-rate mortgages were at 7.21%, according to HousingWire‘s Mortgage Rates Center.

Fixed-rate mortgage

Housing Wire

JULY 26, 2023

Bright MLS Chief Economist Lisa Sturtevant noted two weeks ago. Initially, higher rates did cool housing demand. Ahead of the Fed meeting, mortgage applications fell last week, recording the lowest index of purchase applications in over a month. However, at Mortgage News Daily , mortgage rates were higher, at 7.04%.

Fixed-rate mortgage

Toronto Realty Blog

APRIL 18, 2022

As has been widely discussed, the Bank of Canada raised the overnight lending rate by 50 basis points last week, on the heels of a 25 basis point increase last month. The 5-year, fixed-rate mortgage isn’t affected by the overnight lending rate, but rather the variable is. Fixed-Rate (5-year): 4.19%.

Fixed-rate mortgage

Calculated Risk Real Estate

SEPTEMBER 17, 2024

From housing economist Tom Lawler: Early Read on Existing Home Sales in August Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 3.88 from last August.

Sales

RIS Media

MARCH 9, 2022

Commenting on the latest statistical report from Northwest MLS, representatives of the service, which includes 2,500-member firm offices and 32,000 brokers, expressed optimism for the housing market as pandemic-related restrictions ease, but also uncertainty due to the global economic crisis around Russia’s invasion of Ukraine.

Purchase and sale agreement

Realtor.com

NOVEMBER 10, 2022

Those higher mortgage rates have priced many first-time buyers out of homeownership, while others have been forced to drastically reduce their budgets and expectations. “Even as rate hikes begin to slow inflation, the Fed will continue on its path of continued rate increases. 10, according to Freddie Mac. .”

Mortgages

GeekEstate

SEPTEMBER 16, 2020

Low interest rates on long-term mortgage loans have fallen even further, hitting an all-time historic low in August, 2020. Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year fixed-rate mortgage fell to 3.07%, down from last week’s 3.13%. You are the key here!

Fixed-rate mortgage

Marco Santarelli

DECEMBER 2, 2023

Many people who are looking to buy a home in the US are wondering if they will ever see mortgage rates as low as 3% again. After all, just a year ago, the average 30-year fixed-rate mortgage was around 3.1% , according to Freddie Mac. But since then, mortgage rates have been steadily rising.

Mortgages

Boom Town

SEPTEMBER 11, 2020

Low interest rates on long-term mortgage loans have fallen even further, hitting an all-time historic low in August, 2020. Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year fixed-rate mortgage fell to 3.07%, down from last week’s 3.13%. You are the key here!

Fixed-rate mortgage