This week’s mortgage rate remained about three -month minimum, Buyer Freddie Mortgie said on Thursday.
The latest survey of the main mortgage market Freddie Mac, published on Thursday, showed that the average rate on a 30-year fixed mortgage reported up to 6.65% of the reading of 6.63% last week. The average rate on a 30-year loan was 6.74% a year ago.
“Despite the volatility in the markets A 30-year-old fixed rate In fact, since last week he has remained equal, – said Sam Hater, chief economist Freddie Mac.
The average rate on a 30-year fixed mortgage reported to 6.65% of the last week’s reading 6.63%. (Steve Pfast/Newsday RM via)
“The combination of modest smaller mortgage rates and improving inventory is a positive sign for home buyers in this critical spring house,” Hater added.
Mortgage rates again falling with the biggest weekly decline since mid -September
Does the US housing market become a market for buyers?
The average rate on a 15-year fixed mortgage in the highest up to 5.8% from 5.79% last week. A year ago a bet on 15-year-old fixed note On average 6.16%.
Senior Economist Realtor.com Joel Berner told Fox Business that the 2025 housing market is more convenient for buyers.
The average rate on a 15-year fixed mortgage was 5.8% of 5.79% last week. (Joe Lamberti / Bloomberg via / Hetti Image)
He said it is now a good time for buyers to enter the market after many years of reduced transactions, especially in 2024, which became the slowest year for existing at home since 1996, according to the firm.
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He believes the housing market is moving from the seller’s market to more balanced, with an increase in equipment Reduction of prices, For a longer time in the market and lower prices compared to last year, and everyone contributes to the current buyer.
Fox Business’ Daniella Genovese contributed to this report.
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2025-03-13 18:22:00
