Tag: Continues


Actual property reprieve continues as mortgage charges hold falling

Mortgage charges fell for a second week, in keeping with weekly information compiled by Freddie Mac.

The 30-year fixed-rate mortgage (FRM) averaged 6.42% as of Mar. 16, down from 6.6% recorded final week. One 12 months in the past, the 30-year FRM averaged 4.42%.

In the meantime, the 15-year fixed-rate mortgage averaged 5.68%, down from final week when it averaged 5.90%. On the identical time in 2022, the 15-year FRM averaged 3.63%.

residential homes

Residential properties in Teaneck, N.J., Nov. 24, 2022. Actual property brokers wrestle to search out listings as offers decline, mortgage charges stay excessive.

“Mortgage charges continued to slip

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