by Beth McGuire | Jan 30, 2025 | Industry News, Latest News, National, News, Premier |
Mortgage rates inched lower this week, still hovering below 7% but showing little change since earlier this month. The latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday shows the 30-year fixed-rate mortgage (FRM) averaging 6.95%, down...
by Beth McGuire | Jan 29, 2025 | Agents, Best Practices, Brokers, Industry News, Latest News, National, News, Premier |
Mortgage industry experts pointed to a drop in refinance activity as the overall driver of home purchase applications decreasing this week, although it was only slightly and also indicative of persistently elevated mortgage rates hovering near 7%. According to the...
by | Jan 27, 2025 | Industry News, Latest News, National, News, Premier |
Persistently high mortgage rates hovering near 7%, coupled with equally high home prices, have created an affordability crisis that many prospective homebuyers and homesellers are intimately familiar with. These market forces have created somewhat sticky market...
by | Jan 24, 2025 | Industry News, Latest News, National, News |
The recent jump in the 10-year Treasury yield and the resulting rise in mortgage rates are expected to continue to weigh on existing home sales in the near future, likely keeping them at or near their lowest level since 1995, according to the January 2025 commentary...
by | Jan 23, 2025 | Economy, Industry News, Latest News, National, News, Premier |
In a slight reversal of the past month’s trends, the average 30-year mortgage rate decreased from its average last week of 7.04% down to 6.96% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. “After...