The 30-year fixed mortgage rate from Freddie Mac declined to 6.89% over the last week from 6.95%.
In this blog post, we'll look closer at who is buying homes, the sociodemographic factors that influence home buying, and the ages at which single female home buyers enter the market.
The 30-year fixed mortgage rate from Freddie Mac increased to 6.95% over the last week from 6.86%.
May’s pending home sales fell 2.1% from last month and decreased 6.6% from a year ago.
The 30-year fixed mortgage rate from Freddie Mac continued with small incremental declines to 6.87% over the last week from 6.95%.
Increased construction activity can be attributed to various factors such as economic growth, population influx, and urban development initiatives.
Compared to March 2024, the monthly mortgage payment in April 2024 increased by 5.7%, while the median price of single-family homes increased by 0.1%.
Inflation is moving in the right direction, but it is not quite at the point for the Fed to cut interest rates.
A net of 272,000 payroll jobs were added to the economy in May 2024, which is an acceleration from recent months.
The 30-year fixed mortgage rate from Freddie Mac eased slightly to 6.99% over the last week from 7.03%. At 6.99%, with 20% down, a mortgage payment on the median-priced existing home of $400,000 is $2,127.
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