Mortgage 🏡 rates 📉 fall again. Averages are half a point lower than a year ago. -
The 30-year, fixed-rate mortgage average dropped to 6.19% in the week ended Thursday, according to mortgage giant Freddie Mac. That's lower than last week and half a point beneath the average in the same week a year ago. How do you think this change might impact your decision to buy or refinance a home?
Similarly, the 15-year, fixed-rate mortgage averaged 5.44%, down from last week. A year ago, the loan averaged 5.96%. Are you considering a 15-year vs. a 30-year mortgage, and why?
All told, the big picture decline in mortgage rates has created "a more favorable environment for homebuyers 🏠 and homeowners," according to Freddie Mac's chief economist. What are your thoughts on this trend? Are you planning to take advantage of the lower rates?
The FED meets next week. It's important to see what comes out of it. 🔍 What do you hope to see from the FED meeting, and how do you think it will affect the housing market?
#mortgagerates #homeloans #realestate #housingmarket #homebuyers #finance #realestateexperts #jodibakst 💬 Share your thoughts in the comments!
