Mortgage Rates Surge
Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey® (PMMS®) on October 10, 2024, showing a significant increase in mortgage rates. The 30-year fixed-rate mortgage (FRM) averaged 6.32%, up from 6.12% last week and down from 7.57% a year ago. The 15-year FRM averaged 5.41%, up from 5.25% last week and down from 6.89% a year ago.
Sam Khater, Freddie Mac's Chief Economist, attributed the surge to a stronger-than-expected September jobs report, noting it was the largest one-week increase since April. He emphasized that the rise in rates reflects shifts in expectations rather than changes in the underlying economy, which has remained strong throughout most of the year.
Freddie Mac (OTCQB: FMCC) ha pubblicato il suo Primary Mortgage Market Survey® (PMMS®) il 10 ottobre 2024, mostrando un aumento significativo dei tassi ipotecari. Il mutuo a tasso fisso a 30 anni (FRM) ha avuto una media del 6.32%, in aumento rispetto al 6.12% della settimana precedente e in calo rispetto al 7.57% di un anno fa. Il mutuo a tasso fisso a 15 anni (FRM) ha avuto una media del 5.41%, in aumento rispetto al 5.25% della settimana scorsa e in calo rispetto al 6.89% di un anno fa.
Sam Khater, Chief Economist di Freddie Mac, ha attribuito l'impennata a un rapporto occupazionale di settembre più forte del previsto, notando che si tratta del più grande incremento settimanale da aprile. Ha sottolineato che l'aumento dei tassi riflette spostamenti delle aspettative piuttosto che cambiamenti nell'economia sottostante, che è rimasta forte per gran parte dell'anno.
Freddie Mac (OTCQB: FMCC) publicó su Primary Mortgage Market Survey® (PMMS®) el 10 de octubre de 2024, mostrando un aumento significativo en las tasas hipotecarias. La hipoteca a tasa fija a 30 años (FRM) tuvo un promedio del 6.32%, un aumento desde el 6.12% de la semana pasada y una disminución desde el 7.57% del año pasado. La hipoteca a tasa fija a 15 años (FRM) tuvo un promedio del 5.41%, un aumento desde el 5.25% de la semana pasada y una disminución desde el 6.89% del año pasado.
Sam Khater, economista jefe de Freddie Mac, atribuyó el aumento a un informe de empleo de septiembre más fuerte de lo esperado, señalando que fue el mayor incremento semanal desde abril. Enfatizó que el aumento en las tasas refleja cambios en las expectativas en lugar de cambios en la economía fundamental, que ha permanecido fuerte durante la mayor parte del año.
프레디 맥(Freddie Mac, OTCQB: FMCC)은 2024년 10월 10일에 발표한 주택담보대출 시장 조사(Primary Mortgage Market Survey®)에서 주택담보대출 금리가 크게 상승했다고 밝혔습니다. 30년 고정금리 주택담보대출(FRM)은 평균 6.32%로, 지난주 6.12%에서 상승했으며, 작년 7.57%에서 하락했습니다. 15년 고정금리 주택담보대출(FRM)은 평균 5.41%로, 지난주 5.25%에서 상승했으며, 작년 6.89%에서 하락했습니다.
프레디 맥의 수석 이코노미스트인 샘 카터(Sam Khater)는 9월 고용 보고서가 예상보다 강하게 나왔음을 언급하며 이 증가의 원인을 설명했습니다. 그는 금리 상승이 기초 경제의 변화가 아닌 기대의 변화에 반영된 것이라고 강조하며, 올해 대체로 경제가 강한 상태를 유지하고 있다고 언급했습니다.
Freddie Mac (OTCQB: FMCC) a publié son Primary Mortgage Market Survey® (PMMS®) le 10 octobre 2024, montrant une augmentation significative des taux hypothécaires. La hypothèque à taux fixe de 30 ans (FRM) a affiché une moyenne de 6.32%, en hausse par rapport à 6.12% la semaine précédente et en baisse par rapport à 7.57% il y a un an. La hypothèque à taux fixe de 15 ans (FRM) a affiché une moyenne de 5.41%, en hausse par rapport à 5.25% la semaine dernière et en baisse par rapport à 6.89% il y a un an.
Sam Khater, économiste en chef chez Freddie Mac, a attribué cette hausse à un rapport sur l'emploi de septembre plus fort que prévu, notant qu'il s'agissait de la plus grande augmentation hebdomadaire depuis avril. Il a souligné que la hausse des taux reflète des changements dans les attentes plutôt que des modifications dans l'économie sous-jacente, qui est restée forte pendant la majeure partie de l'année.
Freddie Mac (OTCQB: FMCC) veröffentlichte am 10. Oktober 2024 seine Primary Mortgage Market Survey® (PMMS®), die einen erheblichen Anstieg der Hypothekenzinsen zeigt. Die 30-jährige Festhypothek (FRM) lag im Durchschnitt bei 6.32%, ein Anstieg von 6.12% in der Vorwoche und ein Rückgang von 7.57% im Vorjahr. Die 15-jährige Festhypothek (FRM) lag im Durchschnitt bei 5.41%, ein Anstieg von 5.25% in der Vorwoche und ein Rückgang von 6.89% im Vorjahr.
Sam Khater, Chief Economist von Freddie Mac, führte den Anstieg auf einen stärkeren als erwarteten September-Arbeitsmarktbericht zurück und stellte fest, dass dies der größte wöchentliche Anstieg seit April war. Er betonte, dass der Anstieg der Zinsen eher Verschiebungen in den Erwartungen widerspiegelt als Veränderungen in der zugrunde liegenden Wirtschaft, die in den meisten Teilen des Jahres stark geblieben ist.
- 30-year FRM rate (6.32%) is lower compared to the previous year (7.57%)
- 15-year FRM rate (5.41%) is lower compared to the previous year (6.89%)
- Strong underlying economy supporting the housing market recovery
- 30-year FRM rate increased from 6.12% to 6.32% in one week
- 15-year FRM rate increased from 5.25% to 5.41% in one week
- Largest one-week increase in mortgage rates since April
- Higher rates may challenge housing affordability
MCLEAN, Va., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.32 percent.
“Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April,” said Sam Khater, Freddie Mac’s Chief Economist. “However, we should remember that the rise in rates is largely due to shifts in expectations and not the underlying economy, which has been strong for most of the year. Although higher rates make affordability more challenging, it shows the economic strength that should continue to support the recovery of the housing market.”
News Facts
- The 30-year FRM averaged 6.32 percent as of October 10, 2024, up from last week when it averaged 6.12 percent. A year ago at this time, the 30-year FRM averaged 7.57 percent.
- The 15-year FRM averaged 5.41 percent, up from last week when it averaged 5.25 percent. A year ago at this time, the 15-year FRM averaged 6.89 percent.
The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. For more information, view our Frequently Asked Questions.
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube
MEDIA CONTACT:
Angela Waugaman
(703)714-0644
Angela_Waugaman@FreddieMac.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c2e29048-2a82-4e04-8f4f-16e2d9b678eb
FAQ
What was the 30-year fixed-rate mortgage average for Freddie Mac (FMCC) on October 10, 2024?
How much did the 30-year FRM rate increase for Freddie Mac (FMCC) compared to the previous week?
What was the 15-year fixed-rate mortgage average for Freddie Mac (FMCC) on October 10, 2024?
What factor contributed to the surge in mortgage rates for Freddie Mac (FMCC) in October 2024?
