Mortgage Rates Drop Below Five Percent 8/04/2022


“For the fourth consecutive week, the 30-year fixed-rate mortgage hovered above seven percent,” said Sam Khater, Freddie Mac’s Chief Economist. “The economy remains buoyant, which is encouraging for consumers. Though while inflation has decelerated, firmer economic data have put upward pressure on mortgage rates which, in the face of affordability challenges, are straining potential homebuyers.”

News Facts

  • The 30-year fixed-rate mortgage averaged 7.12 percent as of September 7, 2023, down from last week when it averaged 7.18 percent. A year ago at this time, the 30-year FRM averaged 5.89 percent.
  • The 15-year fixed-rate mortgage averaged 6.52 percent, down from last week when it averaged 6.55 percent. A year ago at this time, the 15-year FRM averaged 5.16 percent.

    Houses that are priced, presented & marketed correctly are selling fast.

    Let my 32+ years of Real Estate experience in Las Vegas work for you. 702-378-7055





Source link

Author

Mike McNamara

Mike McNamara

A Las Vegas Realtor since 2008. Mike has a wide range of knowledge around all things Las Vegas.

Las Vegas NV Weather
,
 


real feel:
humidity: %
wind speed:
UV-Index:
sunrise:
sunset:
Forecast
day
 

wind speed:
max. UV-Index:
night
 

wind speed:
max. UV-Index:
 
Recent Posts
Willow Manor