CENURIY 21 Real Estate CEO Mike Middler is discussing the impact of mortgage rates on the housing market, on the pretext that the ability to withstand costs is still the largest issue.
Real estate mortgage rates decreased for a sixth consecutive level to the lowest level in more than two months, Mortgage buyer Freddy Mac He said Thursday.
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 decreased to 6.76 % of last week’s reading by 6.85 %. The average loan price for 30 years was 6.94 % per year.
“The decrease in mortgage rates, along with the modest inventory, is an encouraging sign of consumers in the market to buy a house,” said Sam Khaturt, the chief economist in Freddy Mac.
Mortgage rates for the sixth week in a row fell to the lowest level in more than two months. (Steve Pfost/Newsday RM via Getty Images)
Real estate mortgage rates decrease for the fifth consecutive week, hovering near 7 %
The average fixed mortgage rate for 15 years decreased to 5.94 % from 6.04 % last week. One year ago, amended Fixed note for 15 years Average 6.26 %.
The United States is awaiting home sales to register the lowest level in January
Real estate mortgage rates ranged between 6.91 % to 7.04 % in January, and the National Real Estate Association (NAR) said that compared to one year, the monthly mortgage paid increased on an additional $ 50 to 1590 dollars.
The “sold” brand appears outside a recently purchased house in Washington. (Reuters photos/Sarah Silbeger/Photos/Reuters)
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Fire mentioned on Thursday that it Huslasty houses sales index He decreased to the lowest level in January due to the double strike from the high mortgage rates and the high prices of homes. Hanging houses sales decreased by 5.2 % compared to last year.
“It is not clear whether January 25 years ago contributed to fewer buyers in the market, and if so, more sales activity expects in the coming months,” said Lawrence Yun, Nar’s chief economist. “However, it is clear that the high prices of homes and mortgages tense tense.”
Eric Rafeel in Fox Business contributed to this report.
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