Mortgage Rates Increase for the Fifth Consecutive Week
Freddie Mac's latest Primary Mortgage Market Survey® shows mortgage rates have increased for the fifth consecutive week, with the 30-year fixed-rate mortgage averaging 6.72%, up from 6.54% last week and down from 7.76% a year ago. The 15-year fixed-rate mortgage averaged 5.99%, increasing from 5.71% last week and lower than 7.03% from the previous year. Chief Economist Sam Khater notes that rates have reached their highest level since August 2024 and expects continued volatility due to upcoming events including the jobs report, 2024 election, and Federal Reserve decision.
Il più recente sondaggio sul mercato dei mutui primari di Freddie Mac mostra che i tassi dei mutui sono aumentati per la quinta settimana consecutiva, con il mutuo a tasso fisso di 30 anni che ha una media del 6,72%, in aumento rispetto al 6,54% della settimana scorsa e in calo rispetto al 7,76% dell'anno scorso. Il mutuo a tasso fisso di 15 anni ha una media del 5,99%, in aumento rispetto al 5,71% della settimana scorsa e inferiore al 7,03% dell'anno precedente. Il capo economista Sam Khater osserva che i tassi hanno raggiunto il loro livello più alto da agosto 2024 e si aspetta una continua volatilità a causa dei prossimi eventi, tra cui il rapporto sul lavoro, le elezioni del 2024 e la decisione della Federal Reserve.
La última Encuesta del Mercado de Hipotecas Primarias de Freddie Mac muestra que las tasas de hipotecas han aumentado por quinta semana consecutiva, con la hipoteca a tasa fija a 30 años que promedia el 6,72%, un incremento desde el 6,54% de la semana pasada y una disminución desde el 7,76% del año pasado. La hipoteca a tasa fija a 15 años promedió el 5,99%, al alza desde el 5,71% de la semana pasada y menor al 7,03% del año anterior. El economista jefe Sam Khater señala que las tasas han alcanzado su nivel más alto desde agosto de 2024 y espera una continua volatilidad debido a eventos próximos, incluyendo el informe de empleo, las elecciones de 2024 y la decisión de la Reserva Federal.
Freddie Mac의 최신 주택담보대출 시장 조사에 따르면, 모기지 금리가 5주 연속 상승했습니다. 30년 고정금리 모기지의 평균 금리는 6.72%로, 지난주 6.54%에서 상승했으며, 작년 7.76%에서 하락했습니다. 15년 고정금리 모기지의 평균 금리는 5.99%로, 지난주 5.71%에서 증가했으며, 작년 7.03%보다는 낮습니다. 수석 경제학자 Sam Khater는 금리가 2024년 8월 이후 최고 수준에 도달했으며, 채용 보고서, 2024년 선거 및 연방준비제도 결정 등 예정된 사건들로 인해 변동성이 계속될 것으로 예상하고 있습니다.
La dernière enquête sur le marché des prêts hypothécaires primaires de Freddie Mac montre que les taux hypothécaires ont augmenté pour la cinquième semaine consécutive, avec un prêt hypothécaire à taux fixe sur 30 ans ayant une moyenne de 6,72%, en hausse par rapport à 6,54% la semaine dernière et en baisse par rapport à 7,76% il y a un an. Le prêt hypothécaire à taux fixe sur 15 ans avait une moyenne de 5,99%, en augmentation par rapport à 5,71% la semaine précédente et inférieur à 7,03% de l'année précédente. L'économiste en chef Sam Khater note que les taux ont atteint leur niveau le plus élevé depuis août 2024 et s'attend à une volatilité continue en raison des événements à venir, y compris le rapport sur l'emploi, les élections de 2024 et la décision de la Réserve fédérale.
Die neueste Umfrage zum Primärhypothekenmarkt von Freddie Mac zeigt, dass die Hypothekenzinsen in der fünften Woche in Folge gestiegen sind, wobei das durchschnittliche 30-jährige Festzinsdarlehen bei 6,72% liegt, ein Anstieg von 6,54% in der vergangenen Woche und ein Rückgang von 7,76% im letzten Jahr. Das 15-jährige Festzinsdarlehen hatte einen Durchschnitt von 5,99%, das von 5,71% in der Vorwoche gestiegen ist und unter 7,03% des Vorjahres liegt. Chefökonom Sam Khater stellt fest, dass die Zinsen den höchsten Stand seit August 2024 erreicht haben und erwartet aufgrund bevorstehender Ereignisse wie dem Arbeitsbericht, der Wahl 2024 und der Entscheidung der Federal Reserve eine anhaltende Volatilität.
- 30-year FRM rates (6.72%) are significantly lower compared to last year (7.76%)
- 15-year FRM rates (5.99%) show substantial decrease from previous year (7.03%)
- Mortgage rates increased for fifth consecutive week
- 30-year FRM increased to 6.72% from 6.54% last week
- 15-year FRM rose to 5.99% from 5.71% last week
- Expected continued rate volatility due to multiple economic events
MCLEAN, Va., Oct. 31, 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 6.72 percent.
“Increasing for the fifth consecutive week, mortgage rates reached their highest level since the beginning of August,” said Sam Khater, Freddie Mac’s Chief Economist. “With several potential inflection points happening over the next week, including the jobs report, the 2024 election, and the Federal Reserve interest rate decision, we can expect mortgage rates to remain volatile. Although uncertainty will remain, it does appear mortgage rates are cresting, and we do not expect them to reach the highs that we saw earlier this year.”
News Facts
- The 30-year FRM averaged 6.72 percent as of October 31, 2024, up from last week when it averaged 6.54 percent. A year ago at this time, the 30-year FRM averaged 7.76 percent.
- The 15-year FRM averaged 5.99 percent, up from last week when it averaged 5.71 percent. A year ago at this time, the 15-year FRM averaged 7.03 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/99b1a671-9ac3-4dff-b69e-b6cf87bdb78f
FAQ
What is the current 30-year fixed-rate mortgage rate for Freddie Mac (FMCC)?
How much has the 15-year fixed-rate mortgage (FMCC) changed compared to last year?
Why are Freddie Mac (FMCC) mortgage rates expected to remain volatile?
