Rates Increase for Second Week, Consumer Spending Remains Resilient Mortgage rates increased thirteen basis points according to the Freddie Mac Primary Mortgage Market Survey released December 26th. This is on top of last week’s 12 basis point increase. While a slight improvement in new and existing home sales is encouraging, the market remains plagued by …
Rates Continue to Rise Based on Economic Tension Mortgage rates increased another 10 basis points last week, according to the Freddie Mac Primary Mortgage Market Survey released October 24th. This is now four consecutive weeks of increases as the continued strength in the economy drives mortgage rates higher. Over the last few years, there has …
Mortgage Rates Increase Again, But Are One Percent Lower Than A Year Ago Mortgage rates increased another 12 basis points last week, according to the Freddie Mac Primary Mortgage Market Survey released October 17th. They have now increased for three consecutive weeks based on stronger than expected economic news. These higher rates reflect the strength …
Mortgage Rates Jump on Recent Economic News Mortgage rates increased 20 basis points last week according to the Freddie Mac Primary Mortgage Market Survey released October 10th. Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April. However, the rise in rates is largely …
Mortgage Rates Rise, But Fall Buying Conditions Are Improving Mortgage rates increased for the first time in the past six weeks, moving up four basis points last week according to the Freddie Mac Primary Mortgage Market Survey released October 3rd. The decline in mortgage rates has stalled due to a mix of escalating geopolitical tensions …
Mortgage Rates Decline, Refinances Surge: Opportunities for Homeowners and Buyers Mortgage rates declined one basis point last week according to the Freddie Mac Primary Mortgage Market Survey released September 26th. Although this week’s decline was slight, given the downward trajectory of rates, refinance activity continues to pick up, creating opportunities for many homeowners to trim …
Mortgage Rates Continue to Fall, Fed Cuts Rates as Anticipated Mortgage rates continue their downward trajectory, falling another 11 basis points last week according to the Freddie Mac Primary Mortgage Market Survey released September 19th. As they continue to decline towards the six percent mark, it is reviving purchase and refinance demand for many consumers. …
Rates Fall, But Affordability Challenges and Limited Inventory Remain Mortgage rates fell another 15 basis points last week according to the Freddie Mac Primary Mortgage Market Survey released September 12th. They have now fallen more than half a percent over the last six weeks and are at their lowest level since February 2023. Rates continue …
Rates hold Steady, Markets Await Friday’s Jobs Numbers for Direction Mortgage rates remained flat week to week according to the Freddie Mac Primary Mortgage Market Survey released September 5th. The markets await the release of the highly anticipated August jobs report. Even though rates have come down over the summer, home sales have been lackluster. …
Rates Decrease Again, Fed Signals Interest Rate Cut Mortgage rates decreased again this week, another 11 basis points from last week according to the Freddie Mac Primary Mortgage Market Survey released August 29th. With expectations of a Fed rate cut now clear, rates are expected to continue their decline and while potential homebuyers are watching …
Publisher: HomeLight
Article: Is It Too Low? What Is Reasonable to Offer Below Asking Price
Link: https://tinyurl.com/2jp6kbmh
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