Instant Reaction: Mortgage Rates, September 5, 2024
Facts: The average 30-year fixed mortgage rate from Freddie Mac remained unchanged at 6.35% this week from last week. At 6.35%, with 20% down, a monthly mortgage payment on a home with a price of $400,000 is $1,991. With 10% down, the typical payment would be $2,240. Positive: Although mortgage rate
August 2024 Commercial Real Estate Market Insights
Instant Reaction: Mortgage Rates, August 29, 2024
Facts: The average 30-year fixed mortgage rate from Freddie Mac dropped to 6.35% this week from 6.46% last week. At 6.35%, with 20% down, a monthly mortgage payment on a home with a price of $400,000 is $1,991. With 10% down, the typical payment would be $2,240. Positive: This is the lowest that mor
Pending Home Sales Dropped 5.5% in July
+1.5% Latest News In March 2026, month-over-month pending home sales improved slightly, with sales rising in the Northeast and South, and declining in the Midwest and West. NAR Chief Economist Lawrence Yun summarized, “Contract signings rose in March despite higher mortgage rates, pointing to pent-u