“Mansion Global”, Katrina Kamens, is discussing the best time to place property in the market in “Country count”.
Mortgage rates Freddy Mac, a mortgage buyer, said this week.
The latest survey of the mortgage market in Freddy Mac, which was released on Thursday, showed that the average fixed mortgage price for 30 years did not change from last week by 6.76 %.
The average loan price for 30 years was 7.09 % a year ago.
Has the American housing market become a suitable market for the buyer?
“The mortgage rates remained flat this week,” said Sam Khatter, the chief economist in Freddy Mac. “At this time last year, the firm mortgage was for 30 years above 30 basis points and requests for purchase decreased. Today, the prices were less and remained stable for weeks, which continuously raised the purchase requests.”
The average fixed mortgage rate for 15 years decreased to 5.89 % from last week’s reading by 5.92 %. One year ago, the average fixed observation rate for 15 years reached 6.38 %.
These states were the MVPS housing market, according to RealTor.com
The Americans have faced the ability to afford costs and supply issues in the housing market for years, making it difficult for home buyers for the first time to enter the market.
“America is in a state of networks in terms of residential transactions where we are really, over the past two years, we have been reaching its lowest level for 30 years,” The CEO of RealTor.com Damian Ellis said During the last “morning with Maria”. “This is largely due to the high interest rates. Most American mortgages – in fact, 70 % of US real estate loans – are less than 5 %, so the prevailing prices are closer to 6.8 %, and may rise soon. Sellers hesitate to sell because they will have to re -financing at a much higher cost.”
There is a supply gap of 3.8 million homes, according to Realtor.com report Issued in March.
Aislinn Murphy Fox Business contributed to this report.
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