Rates Essentially Unchanged, CPI Breaks Key Psychological Barrier Mortgage rates increased 2 basis points from last week, according to the Freddie Mac Primary Mortgage Market Survey released August 15th. While rates increased slightly this week, they remain more than half a percent lower than the same time last year. In October 2023, the 30-year fixed-rate …
Significant Decrease in Mortgage Rates on Weak Economic News Mortgage rates decreased 26 basis points from last week, according to the Freddie Mac Primary Mortgage Market Survey released August 8th. This is their lowest level in over a year and is following the likely overreaction to a less than favorable employment report and financial market …
Mortgage Rates Continue to Decline, Federal Reserve Likely to Cut Rates In September Mortgage rates declined to their lowest level since early February, decreasing 5 basis points from last week according to the Freddie Mac Primary Mortgage Market Survey released August 1st. Expectations of a Fed rate cut coupled with signs of cooling inflation bode …
Rates Essentially Unchanged; Both New Home Sales and Existing Home Sales Softer than Expected Mortgage rates increased 1 basis point from last week according to the Freddie Mac Primary Mortgage Market Survey released July 24th. Although they essentially remained flat from last week, they have decreased nearly half a percent from their peak earlier this …
Rates At Lowest Point Since Mid-February Amid Continuing Signs of Cooling Economy Mortgage rates fell to their lowest level since mid-March, dropping 12 basis points from last week, according to the Freddie Mac Primary Mortgage Market Survey released July 18th. Mortgage rates are headed in the right direction and the economy remains resilient, two positive …
Rates Decline as Signs of Cooling Inflation Become More Evident Mortgage rates declined six basis points according to the Freddie Mac Primary Mortgage Market Survey released July 11th. Following last week’s June jobs report, which showed a cooling labor market, the 10-year Treasury yield decreased this week, and mortgage rates followed suit. There is also …
Mortgage Rates Increase Despite Signs of a Cooling Economy Heading into the long holiday weekend, mortgage rates increased nine basis points after having fallen for seven of the last nine weeks, according to the Freddie Mac Primary Mortgage Market Survey released July 3rd. However, they have remained below seven percent. Both new home and pending …
Mortgage Rates Fall Slightly, But Not Enough to Help Existing Home Sales Mortgage rates fell for the fourth straight week, albeit only one additional basis point last week according to the Freddie Mac Primary Mortgage Market Survey released June 27th. Rates have now hit their lowest point in almost three months. By historical standards, the …
Rates Improve and Applications Increase as Inflation Cools Slightly Mortgage rates continued their general downward trend last week, again falling another four basis points for the second week in a row and are now down twenty seven basis points over the past seven weeks according to the Freddie Mac Primary Mortgage Market Survey released June …
Rates Decrease Slightly on Signs of Weaker Economic News After a small upwards movement last week, mortgage rates are back down by four basis points given incoming data showing slower growth according to the Freddie Mac Primary Mortgage Market Survey released June 6th. Rates are just shy of seven percent, and Freddie Mac expects them …
Publisher: HomeLight
Article: Is It Too Low? What Is Reasonable to Offer Below Asking Price
Link: https://tinyurl.com/2jp6kbmh
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