Mortgage rates drop to 6.56 %: Freddy Mac

Mortgage rates Freddy Mci said the mortgage buyer for 10 months.

The latest survey in the mortgage market in Freddy Mac, which was released on Thursday, showed the average standard of standard A stable mortgage for 30 years It decreased to 6.56 % of last week’s reading by 6.58 %.

The average loan price for 30 years was 6.35 % a year ago.

Only 28 % of American homes are now affected by the model American family with low purchase strength

“The demand for purchase is still rising against the background of low economic growth rates,” said Sam Khaturt, the chief economist in Freddy Mac. “Although many potential home buyers are still facing the ability to withstand costs, rates are constantly lower may provide them with the motivation to enter the market.”

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Meanwhile, the average fixed mortgage rate has not changed for 15 years from reading last week by 5.69 %. One year ago, the average fixed observation rate for 15 years reached 5.51 %.

Welcome news about low prices as a recent report issued by RealTor.com that less than 30 % of homes are on American housing market Reasonable prices for the regular family.

As of August, only 28 % of homes were priced in the market within the reach of the typical family, with the maximum The price of the house at reasonable prices For a medium -income family decreased to $ 298,000. In 2019, this number was 325,000 dollars, according to the real estate purchase force report. This means that the sailor force has decreased by nearly $ 30,000 at the national level since 2019, although the average income has increased by 15.7 %.

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The mortgage rates are highly high responsibility, according to the chief economist in RealTor.com Daniel Hill.

“Even with the growth of income, the highest interest rates have eroded the strength of the real world of the American family,” Hill said, noting that “this dynamic forces many buyers to control their expectations, whether it means searching for smaller homes, moving further, or delaying the dream of ownership of the house.”

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House prices and interest rates have increased significantly to the extent that they reduced homes to their lowest level since the mid -nineties, according to the annual housing report at the Joint Center for Housing Studies (JCHS) at Harvard University.