Cushman & Wakefield President of the Global Broke ship Bruce Mosler discusses the influence of President Donald Trump on commercial real estate and how Americans treat 7% hypothecular rates.
Mortgage rates It is shifted a little lower this week, but long -term rates remain elevated in the range of 6%.
The latest study of the primary market of the Hypotarcan Market Freddie Mac, published on Thursday, has shown that the average rate is on reference value 30-year-old fixed mortgage It decreased to 6.89% compared to last week’s reading of 6.95%. The average rate at the 30-year loan was 6.64% a year ago.
Increased mortgage rates reduce demand in the apartment market. (Justin Sullivan / Getty Images / Getty Images)
“The mortgage rates have been stable in the last month, and the arrival data suggest that the economy remains on a solid basis,” said Khater himself, the chief economist of Freddie Mac. “Although the rates are larger than last year, the last two weeks of the purchase app are modest above what we have seen a year ago, indicating a certain latent demand in the market.”
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The average rate on a 15-year fixed mortgage dropped to 6.05% from 6.12% last week. A year ago, the rate on the 15-year fixed note was an average of 5.9%.
