Mortgage Rates Decrease Freddie Mac reports the average 30-year fixed mortgage rate dipped slightly to 6.81% this week, down from 6.83% last week and notably lower than 7.17% a year ago. The 15-year rate also fell to 5.94%. Their Chief Economist highlighted that recent rate stability (less than 0.20% fluctuation ...
Continue ReadingNavigating the Path Ahead: Mortgage Rate Projections for the Rest of 2025 Buying a home or considering a refinance is always a significant decision, and understanding the potential direction of mortgage rates is a key piece of the puzzle. As of mid-April 2025, the landscape remains dynamic, but leading housing ...
Continue ReadingOne Homebuying Step You Don’t Want To Skip: Pre-Approval There’s one essential step in the homebuying process you may not know a whole lot about and that’s pre-approval. Here’s a rundown of what it is and why it’s so important right now. What Is Pre-Approval? Pre-approval is like getting a green light ...
Continue ReadingCurious about where the housing market is headed in 2025? The good news is that experts are offering some promising forecasts, especially when it comes to two key factors that directly affect your decisions: mortgage rates and home prices. Whether you’re thinking of buying or selling, here’s a look at what the experts ...
Continue ReadingThe 30-year fixed-rate mortgage increased for the third consecutive week, moving closer to 6.5%. In general, higher rates reflect the strength in the economy that is supportive of the housing market. But notably, as compared to a year ago, rates are more than one percentage point lower and potential homebuyers ...
Continue ReadingFalling Mortgage Rates Are Bringing Buyers Back If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent. After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates are already coming ...
Continue ReadingMortgage Rates Drop to Lowest Level in over a Year and a Half Mortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment. Even a small decline in rates could help ...
Continue ReadingHow the Economy Impacts Mortgage Rates As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what’s ahead. One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While ...
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