Mortgage rates hit lowest level in more than 3 years

[DigitalDrifter]

Getting better, and hopefully the interest rate slide will continue.
By the way, who was it that was president three years ago?

• Long-term mortgage rates are at their lowest level in more than three years, and Americans have been moving fast to capitalize.
  
  The average 30-year fixed mortgage rate fell to 6.06 percent this week, down from 6.16 percent last week and the lowest level since September 2022, according to Freddie Mac. A year ago, the 30-year fixed rate averaged 7.04 percent.

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thehill.com

 

[shockedcanadian]

This is called "Winning"

I'm a free agent. Whoever calls first gets the Shockmeister!

 

[White 6]

Getting better, and hopefully the interest rate slide will continue.
By the way, who was it that was president three years ago?

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thehill.com

There have been 3 fed rate cuts in a row and Trump had Fanny Mae and Freddi Mac but 200 Billion worth of bonds. With unemployment on the rise, the Fed is expected to do another rate cut to stimulate growth in troubled times. These are the reasons mortgage rates have dropped, but still housing sales are slumping.

 

[struth]

As each day goes by we are clawing ourselves further out of the darkness created by xiden, the demafasict and the misguided souls that voted and support them

 

[Leo123]

There have been 3 fed rate cuts in a row and Trump had Fanny Mae and Freddi Mac but 200 Billion worth of bonds. With unemployment on the rise, the Fed is expected to do another rate cut to stimulate growth in troubled times. These are the reasons mortgage rates have dropped, but still housing sales are slumping.

With the mass firings of useless federal workers the unemployment numbers are up. Lower mortgage interest rates will most certainly stimulate the housing Market as loans will be cheaper to obtain. Housing prices will eventually lower as well but it will take time for the Market to come back into balance. Lower level housing will become more available as illegal aliens are removed or self deport.

 

[1srelluc]

Folks that were sitting on low interest loans are budging now that the rates are coming down, more homes are for sale, and the competition is lowering home prices a just a bit, mostly on older homes.

A year and a half ago there were only 12 homes for sale in my county, now there are scores of them.

Trump is slowly unfucking what Biden's disastrous term did to home interest rates.