Tagged: 30-year fixed mortgages

After new administration’s ingress, 30-year FRM average dips under 7% again

High rates coupled with high home prices continue to affect affordability

After weeks of increases, applications decreased 1.3% from a week earlier.

Freddie Mac reported mortgage rates essentially remained flat from last week's numbers.

The 30-year fixed-rate mortgage averaged 6.87%.

The 30-year FRM averaged 6.95% as of June 13, 2024, down from last week when it averaged 6.99%.

The 30-year FRM averaged 7.17% as of April 25, 2024, up from last week, when it averaged 7.10%.

The 30-year fixed-rate mortgage averaged 6.88% as of April 11.

Freddie Mac says the 30-year fixed-rate mortgage is still under 7%; others say it's crossed that threshold.

The 30-year fixed mortgage rate dropped 15 basis points.