Mortgage Rates Dip to Lowest Level Since February
Freddie Mac's latest Primary Mortgage Market Survey® reveals a decline in mortgage rates, with the 30-year fixed-rate mortgage (FRM) averaging 6.73%, down from 6.78% last week and 6.90% a year ago. The 15-year FRM also decreased to 5.99% from 6.07% last week and 6.25% a year ago.
Chief Economist Sam Khater notes that expectations of a Fed rate cut and cooling inflation are positive signs for the market. However, consumer confidence remains cautious due to ongoing affordability challenges. Encouragingly, recent moderation in home price growth and increased housing inventory may benefit potential homebuyers.
L'ultimo Indice di Mercato dei Mutui Primari di Freddie Mac® rivela un calo dei tassi dei mutui, con il mutuo a tasso fisso di 30 anni (FRM) che è mediamente 6.73%, in diminuzione rispetto al 6.78% della settimana scorsa e al 6.90% di un anno fa. Anche il mutuo a 15 anni (FRM) è sceso a 5.99%, rispetto al 6.07% della settimana precedente e al 6.25% di un anno fa.
Il Capo Economista Sam Khater osserva che le aspettative di un intervento della Fed per ridurre i tassi e l'inflazione in diminuzione sono segnali positivi per il mercato. Tuttavia, la fiducia dei consumatori rimane cauta a causa delle continue sfide legate all'accessibilità economica. È incoraggiante notare che la recente moderazione nella crescita dei prezzi delle case e l'aumento dell'inventario immobiliare potrebbero giovare ai potenziali acquirenti di case.
La última Encuesta del Mercado de Hipotecas Primarias de Freddie Mac® revela una disminución en las tasas hipotecarias, con el hipoteca a tasa fija a 30 años (FRM) promediando 6.73%, bajando del 6.78% de la semana pasada y del 6.90% hace un año. La FRM a 15 años también disminuyó a 5.99% desde el 6.07% de la semana anterior y el 6.25% de hace un año.
El Economista Jefe Sam Khater señala que las expectativas de un recorte de tasas por parte de la Fed y una inflación en enfriamiento son signos positivos para el mercado. Sin embargo, la confianza del consumidor sigue siendo cautelosa debido a los continuos desafíos de asequibilidad. Es alentador que la reciente moderación en el crecimiento de los precios de las viviendas y el aumento del inventario de viviendas puedan beneficiar a posibles compradores de casas.
프레디 맥의 최신 주요 모기지 시장 조사®에 따르면 모기지 금리 감소가 있음을 알 수 있습니다. 30년 고정금리 모기지(FRM)가 평균 6.73%로, 지난주 6.78%와 작년 6.90%에서 하락했습니다. 15년 FRM도 지난주 6.07%에서 5.99%로 감소했습니다.
수석 경제학자 샘 카터는 연준 금리 인하 예상 및 인플레이션 완화가 시장에 긍정적인 신호라고 언급했습니다. 그러나 소비자 신뢰는 여전히 조심스러운 상태입니다. 다행히도, 주택 가격 상승의 최근 완화와 주택 재고 증가는 잠재적인 주택 구매자에게 이점이 될 수 있습니다.
La dernière Enquête sur le Marché des Prêts Hypothécaires Primaires de Freddie Mac® révèle une baisse des taux hypothécaires, avec le prêt hypothécaire à taux fixe sur 30 ans (FRM) à 6,73%, en baisse par rapport à 6,78% la semaine dernière et 6,90% il y a un an. Le FRM sur 15 ans a également diminué à 5,99%, contre 6,07% la semaine dernière et 6,25% il y a un an.
Le Chef Économiste Sam Khater souligne que les attentes d'une réduction des taux par la Fed et d'une inflation en baisse sont des signes positifs pour le marché. Cependant, la confiance des consommateurs reste prudente en raison des défis persistants en matière d'accessibilité. De manière encourageante, la récente modération de la croissance des prix des logements et l'augmentation de l'inventaire immobilier pourraient bénéficier aux acheteurs potentiels de logements.
Die neueste Umfrage zum Primärhypothekenmarkt von Freddie Mac® zeigt einen Rückgang der Hypothekenzinsen, wobei die 30-jährigen Festzinshypothek (FRM) im Durchschnitt 6,73% beträgt, ein Rückgang von 6,78% in der letzten Woche und 6,90% vor einem Jahr. Auch die 15-jährige FRM fiel auf 5,99% von 6,07% in der Vorwoche und 6,25% vor einem Jahr.
Der Chefökonom Sam Khater merkt an, dass die Erwartungen an eine Zinssenkung der Fed und die Abkühlung der Inflation positive Zeichen für den Markt sind. Allerdings bleibt das Verbrauchervertrauen vorsichtig, da es weiterhin Herausforderungen bei der Erschwinglichkeit gibt. Erfreulicherweise könnte die aktuelle Mäßigung des Anstiegs der Immobilienpreise und der Anstieg des Wohnungsangebots potenziellen Hauskäufern zugutekommen.
- Mortgage rates decreased to the lowest level since February 2024
- 30-year FRM averaged 6.73%, down from 6.78% last week and 6.90% a year ago
- 15-year FRM averaged 5.99%, down from 6.07% last week and 6.25% a year ago
- Expectations of a Fed rate cut and signs of cooling inflation
- Recent moderation in home price growth
- Increases in housing inventory
- Apprehension in consumer confidence due to affordability challenges
MCLEAN, Va., Aug. 01, 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 6.73 percent.
“Mortgage rates declined to their lowest level since early February,” said Sam Khater, Freddie Mac’s Chief Economist. “Expectations of a Fed rate cut coupled with signs of cooling inflation bode well for the market, but apprehension in consumer confidence may prevent an immediate uptick as affordability challenges remain top of mind. Despite this, a recent moderation in home price growth and increases in housing inventory are a welcoming sign for potential homebuyers.”
News Facts
- The 30-year FRM averaged 6.73 percent as of August 1, 2024, down from last week when it averaged 6.78 percent. A year ago at this time, the 30-year FRM averaged 6.90 percent.
- The 15-year FRM averaged 5.99 percent, down from last week when it averaged 6.07 percent. A year ago at this time, the 15-year FRM averaged 6.25 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 | Twitter | LinkedIn | Facebook | Instagram | YouTube
MEDIA CONTACT:
Mollie Laniado
(571) 382-1784
Mollie_Laniado@FreddieMac.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/74ba92b1-a975-4781-a060-cc418627c0d4
FAQ
What was the average 30-year fixed-rate mortgage (FRM) according to Freddie Mac's PMMS on August 1, 2024?
How does the current 30-year FRM rate compare to the previous week and year for Freddie Mac (FMCC)?
What was the average 15-year fixed-rate mortgage reported by Freddie Mac (FMCC) on August 1, 2024?
What factors are contributing to the positive outlook for the mortgage market according to Freddie Mac's Chief Economist?
