Real estate mortgage rates decreased to 6.5 %: Freddy Mac

Mortgage rates Freddy Ak, a mortgage buyer Freddy Mac, said that he decreased to the lowest level since October 2024.

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 6.5 % of last week’s reading by 6.56 %.

This week’s number was the lowest since October 17, 2024, when the average fixed rate for 30 years reached 6.44 %.

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 mortgage rates continue in the direction and increase optimism for the new buyers and the current owners alike,” said Sam Khaturt, the chief economist in Freddy Mac. “With the continued decrease in prices, the number of homeowners who have the opportunity to refinance is expanding. In fact, the share of mortgage requests in the market that was to re -financing was approximately 47 %, which is the highest level since October.”

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Meanwhile, the average fixed mortgage rate for 15 years decreased to 5.6 % of last week’s reading by 5.69 %. One year ago, the average fixed observation rate for 15 years reached 5.47 %.

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 %.

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 to buy the model 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 in general.”