Real estate mortgage rates decreased to 6.77 %: Freddy Mac

Mortgage rates Freddy Mac Freddy Mac said on Thursday that the fourth consecutive week decreased to the lowest level since the beginning of May.

The latest survey in the mortgage market in Freddy Mac, which was released on Thursday, showed that the average price is on the index A stable mortgage for 30 years It decreased to 6.77 % of last week’s reading by 6.81 %.

The average loan price for 30 years was 6.86 % a year ago.

The housing crisis deepens with the passage of 47 main metro areas now on home buyers to spend more than 30 % of income

“The borrowers must find comfort in the stability of mortgage rates, which has just fluctuated within a 15 -inch narrow range since mid -April,” said Sam Khatter, the chief economist in Freddy Mac. “Although modern data indicates that home sales are still low, the resulting output provides the buyer with a wide range of options to consider when entering the market.”

These states were the MVPS housing market, according to RealTor.com

The average fixed mortgage price for 15 years decreased to 5.89 % of last week’s reading by 5.96 %. One year ago, the average fixed observation rate for 15 years reached 6.16 %.

Low prices, while welcoming news comes as A new report said The ability to withstand costs in three of more than 50 metro areas in America is that families that make average income can raise a house that will not exceed 30 % of their annual profits.

Reallytor.com said it has identified the three main metro areas where the 30 % base remains – in which potential homes bound to pay the mortgage to 30 % of their monthly income – possible by “using a record payment of 20 % and the average mortgage rate of 6.82 %.” It was also taken into account taxes and insurance.

These metro areas were Pittsburg, Pennsylvania. Detroit Warren Derborn, Michigan; Saint Lewis, Missouri, said the real estate market.

middle Annual family entered In those cities it was $ 72,935, 72,493 dollars and $ 79,869, respectively, according to the report.

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On the national level, RealTor.com found approximately 44.6 % of income necessary for the family to be able to deal financially with a “average price” house.

“The profits have risen, but the costs of building houses have risen faster, which means that adherence to the ability to withstand costs can be challenged if not impossible in many housing markets throughout the country,” said Daniel Heil, the chief economist in RealTor.com.