Texas Boasts Narrowest 'Lock-In Gap' In First Quarter
The average existing mortgage rate for Texans is 4.3%.
The average existing mortgage rate for Texans is 4.3%.
The 30-year fixed-rate mortgage averaged 6.77% as of July 18, 2024.
Average 30-year FRM at 6.89%, Freddie Mac reports
Applications increased 0.8% from one week earlier.
The ESR Group forecasts overall economic growth to slow and mortgage rates to end the year near 7%.
Freddie Mac reported the 30-year fixed-rate mortgage (FRM) averaged 7.02% this week
Rising home prices and mortgage rates pushed monthly payments up 15% last month, year over year.
Realtor.com's survey shows fewer prospective sellers feel locked in by their low interest rate.
The 30-year fixed-rate mortgage averaged 6.88% as of April 11.
Fannie Mae's HPSI saw its first decline since November 2023.