Chance for your home: mortgage rates are falling in the US
Mortgage rates declined slightly, approaching a three-year minimum, writes The Washington Post.
Фото: Depositphotos
According to the latest data released on Thursday by Freddie Mac, the 30-year average fixed rate fell to 3,75 percent with an average 0,5 score. A week ago, rates were 3,81 percent, and a year ago - 4,54 percent.
Over 15 years, the average flat rate fell to 3,18 percent with an average 0,5 score.
The five-year average regulated rate fell to 3,47 percent with an average 0,4 score.
On the subject: 11 steps when buying a home in the USA
"This is good news for buyers, especially when compared to last year," said Daniel Hale, chief economist at Realtor.com.
“Based on the average home price of $316 with a 000 percent down payment, buyers today will pay $20 less than they did a year ago,” she added.
However, according to her, this does not take into account the rise in housing prices.
On the other hand, falling mortgage rates may indicate a weaker economy, which could have a negative impact on the housing market in the future.
However, Sam Hater, Freddie Mac's chief economist, said that lower mortgage rates will soon have a positive impact on the housing market.
On the subject: 9 programs to help save money when buying a home in the US
Meanwhile, mortgage applications have fallen. The market's composite index, a measure of total loan applications, was down 1,9 percent from a week earlier, according to the latest data from the Mortgage Bankers Association. The refinancing index fell 2 percent from the previous week, while the purchase index fell 1 percent.
The share of refinancing mortgage activity was about half of all applications.
“Mortgage applications fell last week even as rates fell across the board,” said Joel Kahn, MBA associate vice president of economic and industry forecasting.
Read also on ForumDaily:
20 best US cities where you can buy a home for less than $ 100 thousand
How to save tourists in New York: personal experience and lifehacks
Five life hacks for profitable purchases
25 fraud schemes that could deprive you of a US pension
How to 'calculate' ours in the American supermarket
What to do if you have problems with paying medical bills
Subscribe to ForumDaily on Google NewsDo you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.
-
Personal experience: who and why you should not move to the USA5614
-
50 diseases whose presence will increase the cost of health insurance in the USA4329
-
Great opportunities with ChatGPT: 12 easy ways to make money using artificial intelligence1324
-
What should not be on your resume if you want to find a job in the USA763
-
Four unforgivable mistakes immigrants make to the United States552
-
Dependence on cars and one supermarket per city: why ours is unusual in one-story America403
-
Ten secret restaurants in the USA: what is their highlight and how to find them254
-
Personal experience: who and why you should not move to the USA5614
-
Where in the USA to buy the medicines we are used to: a list of pharmacies5330
-
How to hit the jackpot: tips from a man who won the lottery 7 times4898
-
50 diseases whose presence will increase the cost of health insurance in the USA4329
-
Street, avenue, boulevard or drive: how to understand the classification of US streets and roads1461
-
Personal experience: what not to do in America1402
-
Great opportunities with ChatGPT: 12 easy ways to make money using artificial intelligence1324