Real estate mortgage rates decreased to 6.76 %: Freddy Mac

Mortgage rates On Thursday, the mortgage buyer Freddy Mac said on Thursday, he decreased for the second week in a row.

The Freddy Mac primary mortgage market surveyed, which was released on Thursday, showed that the average firm mortgage rate for 30 years decreased to 6.76 % of last week’s reading by 6.81 %.

The average loan price for 30 years was 7.22 % a year ago.

“In recent weeks, firm mortgage prices have decreased for 30 years of average in the first quarter of 6.83 %,” said Sam Khaturt, the chief economist in Freddy Mac.

Has the American housing market become a suitable market for the buyer?

The average fixed mortgage rate for 15 years decreased to 5.92 % of last week’s reading by 5.94 %. One year ago, the average fixed observation rate for 15 years reached 6.47 %.

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 American mortgages – are less than 5 %, so the prevailing prices are closer to 6.8 %, and they may rise soon. Sellers hesitate to sell because they will have to re -financing much higher cost.”

There is a supply gap of 3.8 million homes, according to Realtor.com report Issued in March.

Click here to get Fox Business on

Ellis said Reallytor.com was “optimistic that all the moving parts of the economy will fall in place so that there could be a mitigation of mortgage rates.”

Aislinn Murphy Fox Business contributed to this report.