The average 30-year mortgage hit an all-time low of 2.86 percent this week, according to data released Thursday by Freddie Mac. Source: Inman News
Posts published in “mortgage rate”
Purchase activity was up 19 percent year over year, an increase for the ninth-consecutive week, according to new Mortgage Bankers Association data. Source: Inman News
First American’s chief economist emphasized the downside of plummeting mortgage rates. “Why move when you can lock in at less than 3 percent in a…
The average rate on a 30-year, fixed-rate mortgage could hit 2.9 percent in 2021, according to Fannie Mae’s April housing forecast. Source: Inman News
Mortgage rates reached the lowest point in 50 years last week, and one economist predicted they could plummet even more this week. Source: Inman News
The typical family possessed 160.4 percent of the estimated income required to purchase a home in August, according to the National Association of Realtors. Source:…