Redfin Executive Director Glenn Kelman unpacked the situation on the market market at the “Barron Round Table”.
Hypotics rates remained close to a quarterly low this week, Freddie Mac mortgage buyer said on Thursday.
The latest research of the primary market of the Hypotarcan Market Freddie Mac, announced on Thursday, found that the average rate on a reference 30-year fixed mortgage marked up to 6.65% compared to last week’s reading of 6.63%. The average rate on a 30-year loan was 6.74% a year ago.
“Despite the volatility in the markets, 30-year-old mortgage with a fixed rate He remained basically flat since last week, “said Khater himself, the chief economist of Freddie Mac.” The mortgage rates are still relatively low compared to the last few months, and the buyers of the houses responded. “
The average rate on a reference 30-year fixed mortgage has indicated up to 6.65% compared to last week’s reading of 6.63%. (Steve Pfost/Newsday RM
“The combination of modestly lower mortgage and supplies improvement is a positive sign for the customers of houses in this critical spring season of the house,” Khater added.
Hypotics rates fall again with the biggest weekly fall from mid -September
Does the US market are becoming a flat market adapted to customers?
The average rate at a 15-year fixed mortgage increased to 5.8% from 5.79% last week. A year ago, rate on 15-year-old fixed note an average of 6.16%.
Realtor.com older economist Joel Berner told Fox Business that the 2025 apartment market was shaped as more adapted to customers.
The average rate on a 15-year fixed mortgage last week went to 5.8% from 5.79%. (Joe Lamberti / Bloomberg Via / Getty Images)
He said that now is a good time for customers to enter the market after years of muffled transactions, especially 2024, which have been shaped as the most set of years for the existing sale of the house since 1996, according to the company.
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Believes that the apartments market goes from the seller to the market to a more balanced, with an increased inventory, more price reduction, For a long time on the market and lower inclusion prices compared to last year, and all contributed to current conditions adapted to customers.
Fox Business’ Daniella Genovese contributed to this report.
