The 30-year fixed mortgage rate from Freddie Mac dropped to 6.47% this week, compared to 6.73% last week.
Mortgage rates are plunging on the news of weak job growth and rising unemployment, which is at 4.3%.
The 30-year fixed mortgage rate from Freddie Mac was nearly unchanged at 6.78% this week vs 6.77% last week.
Housing market activity declined 5.4% from May to June 2024, and all four regions of the U.S. saw year-over-year home price growth.
The monthly mortgage payment increased by 3.9%, while the median price of single-family homes rose by 5.7% (from $401,500 to $424,500) year-over-year.
The 30-year fixed mortgage rate from Freddie Mac fell further to 6.77% over the last week from 6.89%.
New apartment units completed reached a 50-year high in June, and rents have stopped rising in many cities due to the oversupply of rental units.
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%.
Search Economists' Outlook