Mortgage Rates Continue to Drop
Freddie Mac's Primary Mortgage Market Survey® reveals a decline in mortgage rates, with the 30-year fixed-rate mortgage (FRM) averaging 6.35%, down from 6.46% last week and 7.18% a year ago. The 15-year FRM also dropped to 5.51% from 5.62% last week and 6.55% a year ago. Chief Economist Sam Khater attributes this decrease to expectations of a Fed rate cut.
Khater predicts rates will continue to fall but notes that a rebound in purchase activity remains elusive until further declines occur. The survey focuses on conventional, conforming home purchase loans for borrowers with 20% down payment and excellent credit. Freddie Mac aims to promote liquidity, stability, affordability, and equity in the housing market throughout economic cycles.
Il Rapporto Principale sul Mercato dei Mutui di Freddie Mac rivela un calo dei tassi ipotecari, con il mutuo a lungo termine (FRM) a 30 anni che in media si attesta al 6.35%, in diminuzione rispetto al 6.46% della settimana scorsa e al 7.18% di un anno fa. Anche il FRM a 15 anni è sceso al 5.51% rispetto al 5.62% della settimana scorsa e al 6.55% di un anno fa. L'economista capo Sam Khater attribuisce questa diminuzione alle aspettative di un taglio dei tassi da parte della Fed.
Khater prevede che i tassi continueranno a scendere, ma osserva che un rialzo dell'attività di acquisto rimane sfuggente fino a quando non si verificheranno ulteriori cali. Il sondaggio si concentra sui prestiti per l'acquisto di abitazioni convenzionali e conformi per mutuatari con un pagamento iniziale del 20% e un'ottima reputazione creditizia. Freddie Mac mira a promuovere liquidità, stabilità, accessibilità e equità nel mercato immobiliare durante i cicli economici.
La Encuesta Principal del Mercado de Hipotecas de Freddie Mac revela una caída en las tasas hipotecarias, con la hipoteca a tasa fija a 30 años (FRM) promediando 6.35%, por debajo del 6.46% de la semana pasada y del 7.18% de hace un año. La FRM a 15 años también cayó a 5.51% desde 5.62% la semana pasada y 6.55% hace un año. El economista jefe Sam Khater atribuye esta disminución a las expectativas de un recorte en la tasa de la Reserva Federal.
Khater predice que las tasas continuarán bajando, pero señala que un rebote en la actividad de compra sigue siendo esquivo hasta que ocurran caídas adicionales. La encuesta se centra en los préstamos para la compra de viviendas convencionales y conformes para prestatarios con un pago inicial del 20% y excelente crédito. Freddie Mac tiene como objetivo promover la liquidez, la estabilidad, la asequibilidad y la equidad en el mercado de viviendas a lo largo de los ciclos económicos.
Freddie Mac의 주요 모기지 시장 조사에 따르면 모기지 금리가 하락하고 있으며, 30년 고정 금리 모기지(FRM)는 평균 6.35%로, 지난주 6.46%와 1년 전 7.18%에서 내려갔습니다. 15년 FRM도 지난주 5.62%에서 5.51%로 하락했으며, 1년 전에는 6.55%였습니다. 수석 경제학자 샘 카터는 이번 감소를 연준 금리 인하 기대감 때문이라고 설명합니다.
카터는 금리가 계속 하락할 것으로 예측하지만, 구매 활동의 반등은 여전히 어렵다고 언급하며, 이는 추가적인 금리 하락이 있어야만 가능하다고 말합니다. 이 조사는 20%의 다운 페이먼트를 가진 우수한 신용을 가진 차입자를 위한 전통적이고 적격한 주택 구매 대출에 중점을 두고 있습니다. Freddie Mac은 경제 주기 동안 주택 시장의 유동성, 안정성, 접근성 및 형평성을 촉진하는 것을 목표로 합니다.
La sondage principal du marché hypothécaire de Freddie Mac révèle une baisse des taux hypothécaires, le prêt hypothécaire à taux fixe de 30 ans (FRM) s'élevant en moyenne à 6.35%, en baisse par rapport à 6.46% la semaine dernière et 7.18% il y a un an. Le FRM à 15 ans a également chuté à 5.51% contre 5.62% la semaine dernière et 6.55% il y a un an. L'économiste en chef Sam Khater attribue cette diminution à des attentes de réduction des taux de la Fed.
Khater prévoit que les taux continueront de baisser, mais note qu'un rebond de l'activité d'achat reste insaisissable jusqu'à ce que d'autres baisses se produisent. L'enquête se concentre sur les prêts conventionnels conformes pour les emprunteurs ayant un acompte de 20 % et une excellente cote de crédit. Freddie Mac vise à promouvoir la liquidité, la stabilité, l'accessibilité et l'équité sur le marché du logement tout au long des cycles économiques.
Die Primärhypothekenmarktumfrage von Freddie Mac zeigt einen Rückgang der Hypothekenzinsen, wobei das 30-jährige Festzinsdarlehen (FRM) im Durchschnitt bei 6.35% liegt, nachdem es letzte Woche bei 6.46% und vor einem Jahr bei 7.18% lag. Auch das 15-jährige FRM fiel auf 5.51%, von 5.62% in der Vorwoche und 6.55% vor einem Jahr. Chefvolkswirt Sam Khater führt diesen Rückgang auf Erwartungen eines Zinsrückgangs der Fed zurück.
Khater prognostiziert, dass die Zinsen weiter fallen werden, stellt jedoch fest, dass eine Erholung der Kaufaktivität weiterhin schwer fassbar bleibt, bis weitere Rückgänge eintreten. Die Umfrage konzentriert sich auf konventionelle, konforme Wohnungsbaukredite für Kreditnehmer mit 20% Anzahlung und hervorragender Bonität. Freddie Mac zielt darauf ab, Liquidität, Stabilität, Erschwinglichkeit und Gleichheit auf dem Wohnungsmarkt während wirtschaftlicher Zyklen zu fördern.
- Mortgage rates decreased, with 30-year FRM averaging 6.35% compared to 7.18% a year ago
- 15-year FRM rates also dropped to 5.51% from 6.55% a year ago
- Expectations of a Fed rate cut are driving mortgage rates down
- Rebound in purchase activity remains elusive despite falling rates
MCLEAN, Va., Aug. 29, 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 6.35 percent.
"Mortgage rates fell again this week due to expectations of a Fed rate cut,” said Sam Khater, Freddie Mac’s Chief Economist. “Rates are expected to continue their decline and while potential homebuyers are watching closely, a rebound in purchase activity remains elusive until we see further declines."
News Facts
- The 30-year FRM averaged 6.35 percent as of August 29, 2024, down from last week when it averaged 6.46 percent. A year ago at this time, the 30-year FRM averaged 7.18 percent.
- The 15-year FRM averaged 5.51 percent, down from last week when it averaged 5.62 percent. A year ago at this time, the 15-year FRM averaged 6.55 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/2f439e55-71de-4af3-ad4a-a0a45e681d59
FAQ
What is the current 30-year fixed-rate mortgage average according to Freddie Mac's PMMS?
How has the 15-year fixed-rate mortgage rate changed compared to last year for FMCC?
What factor is contributing to the decline in mortgage rates, according to Freddie Mac's Chief Economist?
Has the decrease in mortgage rates led to an increase in home purchase activity for FMCC?
