ShareWise County Messenger (Decatur, TX)
Despite a slight increase last week, Freddie Mac's primary market survey showed another consecutive week of favorable mortgage rates as homebuyers begin to spring into action.
According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.83 percent in the April 17 report.
At this rate, a 20 percent down payment for a home priced at $400,000 would result in monthly mortgage payments of $2,093.
Jessica Lautz, deputy chief economist for the National Association of REALTORS®, said spring buyers are in a better position with more inventory in many markets combined with still-favorable rates.
That positive positioning rings true in Wise County, too, as months of inventory were up to 6.1 according to the Greater Denton-Wise County Association of REALTORS® (GDWCAR) March housing report. In March 2024, months of inventory was at 5.2.