As we enjoy the waning days of late summer, the air isn’t the only thing changing—the mortgage market is, too. Last week was a big one, with 30-year mortgage rates hitting their lowest point since October 2024. This drop, while slight, is a major headline and a positive sign for both prospective homebuyers and current
Wow. Freddie Mac is reporting that as of last week’s survey of average mortgage rates, the rates have dropped enough since November that as many as 3 million more home buyers can qualify for and afford a median $400,000 mortgage! Since that report, however, there’s been increased volatility in markets and rates thanks to two
As the tug of war between inflation pressures and a slowdown in the economy leave mortgage rates in a volatile trend, Freddie Mac’s weekly survey of average rates showed that rates experienced an impressive improvement last week. However, most of those gains have been erased as markets digest Friday’s Jobs Report and other strong data
