Mortgage rates eased again for the fourth-straight week but remain almost a full percentage point over last year at this time, a key reason buyers continue to hold back and why the market remains sluggish. The latest Freddie Mac Primary Mortgage Market Survey® released Thursday shows the average 30-year fixed-rate mortgage rate at 7.11%, down…
Editor’s Note: The Mortgage Mix is RISMedia’s highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. The numbers: While mortgage rates had hit a peak and were nearing the high-end of the 7% range, they have now decreased for the third straight week to 7.18% for the 30-year fixed-rate mortgage and…
As the holiday season approaches, housing market activity on both the buyer and seller sides are cooling right along with the temperatures. Moving toward what is typically a slower time for the housing market anyway, a new report shows buyers are holding back as elevated rates continue to diminish their buying power and sellers are…
Mortgage rates came down for the third-straight week, but whether the recent trend is a sign of things to come remains unknown, although economists point toward any progress in a resolution in the Middle East as a step in the right direction. The latest Freddie Mac Primary Mortgage Market Survey® released Thursday shows the average…
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Mortgage rates ticked down a bit this past week but landing at 7.3%, it wasn’t enough to move the needle for buyers submitting loan applications for 30-year-fixed rate mortgages. Sitting almost a full percentage point lower, adjustable rate mortgages (ARMs) however continue to be attractive for buyers looking to start out with a lower monthly…
Mortgage rates are giving homebuyers another reason to hesitate. The average rate for a 30-year fixed mortgage reached well over 7% in October, its highest level in 13 months, according to Freddie Mac. That followed a climb from 5.98% in late February to 6.65% by Aug. 20, figures cited in a recent U.S. Bank housing-market…
Mortgage rates edged down for the second consecutive week, a move buyers hope will continue, but economists say may not have much of an impact on the market. The latest Freddie Mac Primary Mortgage Market Survey® released Thursday shows the average 30-year fixed-rate mortgage rate at 7.24%, down eight basis points from 7.32% last week…
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The newest results from the Federal Reserve Open Market Committee (FOMC), the rate-setting body that meets roughly eight times per year, varied greatly from the previous one in mid-September, which came with a unanimous vote to hike interest rates, after many economists predicted that outcome. This time there was no rate hike. The Fed left…
Mortgage rates and the 10-year Treasury yield dropped this past week, offering homebuyers brief relief after two months of steady increases. The decline followed a wave of economic data that drove cautious investors into the safety of the bond market. The latest Freddie Mac Primary Mortgage Market Survey® released Thursday shows the average 30-year fixed-rate…
Although mortgage rates recently hit a three-year high, they’ve eased slightly recently. For newlyweds, the question is whether now is the right time for spending on a home. The Knot’s 2026 Real Weddings Study, which surveyed 10,474 U.S. couples married in 2025, found that weddings cost an average of $34,200 nationally. With wedding expenses potentially…
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