The 30-Year Fixed-Rate Mortgage Lingers Just Under 6.5 Percent
Freddie Mac's Primary Mortgage Market Survey® (PMMS®) shows the 30-year fixed-rate mortgage (FRM) averaged 6.46%, down from 6.49% last week and 7.23% a year ago. The 15-year FRM averaged 5.62%, down from 5.66% last week and 6.55% a year ago. Chief Economist Sam Khater notes that softer economic data suggests rates will gently decline through year-end. Despite rates lingering under 6.5%, potential homebuyers remain unmotivated. Khater predicts rates may need to drop another percentage point to generate buyer demand. The PMMS® focuses on conventional, conforming home purchase loans for borrowers with 20% down and excellent credit.
Il Primary Mortgage Market Survey® di Freddie Mac (PMMS®) mostra che il mutuo a tasso fisso di 30 anni (FRM) ha mediamente un tasso del 6,46%, in calo rispetto al 6,49% della scorsa settimana e al 7,23% di un anno fa. Il FRM a 15 anni ha avuto un tasso medio del 5,62%, in calo dal 5,66% della scorsa settimana e dal 6,55% di un anno fa. Il Chief Economist Sam Khater osserva che dati economici più soft suggeriscono che i tassi scenderanno gradualmente fino alla fine dell’anno. Nonostante i tassi siano sotto il 6,5%, i potenziali acquirenti restano poco motivati. Khater prevede che i tassi potrebbero dover diminuire di un altro punto percentuale per generare domanda di acquirenti. Il PMMS® si concentra su prestiti per l'acquisto di case convenzionali e conformi per mutuatari con un 20% di anticipo e un eccellente credito.
La Encuesta del Mercado de Hipotecas Primarias® de Freddie Mac (PMMS®) muestra que la hipoteca de tasa fija a 30 años (FRM) tuvo un promedio del 6.46%, bajando del 6.49% de la semana pasada y del 7.23% de hace un año. La FRM a 15 años promedió un 5.62%, en comparación con el 5.66% de la semana anterior y el 6.55% de hace un año. El economista jefe Sam Khater señala que los datos económicos más suaves sugieren que las tasas disminuirán suavemente hasta fin de año. A pesar de que las tasas permanecen por debajo del 6.5%, los posibles compradores de vivienda siguen desmotivados. Khater predice que las tasas podrían necesitar caer otro punto porcentual para generar demanda de compradores. El PMMS® se centra en préstamos para la compra de viviendas convencionales y conformes para prestatarios con un 20% de pago inicial y excelente crédito.
프레디 맥의 주요 주택 모기지 시장 조사(PMMS®)에 따르면 30년 고정금리 모기지(FRM)의 평균 금리는 6.46%로, 지난주 6.49%에서 하락했으며 작년 7.23%에서 더욱 떨어졌습니다. 15년 FRM의 평균 금리는 5.62%로, 지난주 5.66%에서 하락했으며 작년 6.55%에서 감소했습니다. 수석 경제학자인 샘 카테르(Sam Khater)는 경제 지표가 부드럽게 변화함에 따라 금리가 연말까지 완만하게 하락할 것으로 예상한다고 말합니다. 금리가 6.5% 이하로 유지되고 있지만, 잠재적 주택 구매자들은 여전히 동기가 부족합니다. 카테르는 구매자 수요를 창출하기 위해 금리가 또 다른 1% 하락해야 할 수도 있다고 예측합니다. PMMS®는 20%의 계약금과 우수한 신용을 가진 차용인을 위한 전통적이고 적격한 주택 구매 대출에 중점을 두고 있습니다.
Le sondage principal du marché hypothécaire de Freddie Mac (PMMS®) montre que l'hypothèque à taux fixe de 30 ans (FRM) a atteint en moyenne 6,46%, en baisse par rapport à 6,49% la semaine dernière et 7,23% il y a un an. L'FRM à 15 ans affichait un taux moyen de 5,62%, également en baisse par rapport à 5,66% la semaine dernière et 6,55% il y a un an. Le chef économiste Sam Khater note que des données économiques moins fortes suggèrent que les taux baisseront lentement jusqu'à la fin de l'année. Malgré des taux inférieurs à 6,5%, les acheteurs potentiels restent peu motivés. Khater prédit que les taux devront baisser d'un autre point de pourcentage pour générer la demande des acheteurs. Le PMMS® se concentre sur les prêts conventionnels conformes pour l'achat de maisons pour les emprunteurs avec 20% d'apport et un excellent crédit.
Die Primäre Hypothekenmarktforschung® von Freddie Mac (PMMS®) zeigt, dass die 30-jährigen Festzinshypothek (FRM) im Durchschnitt 6,46% betrug, was einen Rückgang von 6,49% in der Vorwoche und 7,23% im Vorjahr darstellt. Die 15-jährige FRM lag im Durchschnitt bei 5,62%, was einen Rückgang von 5,66% in der Vorwoche und 6,55% im Vorjahr bedeutet. Chefökonom Sam Khater merkt an, dass weiche Wirtschaftsdaten darauf hindeuten, dass die Zinsen bis zum Jahresende sanft sinken werden. Obwohl die Zinsen unter 6,5% bleiben, zeigen sich potenzielle Käufer unmotiviert. Khater prognostiziert, dass die Zinsen um einen weiteren Prozentpunkt fallen müssen, um die Käufernachfrage zu fördern. Der PMMS® konzentriert sich auf konventionelle, konforme Wohnungsbaukredite für Kreditnehmer mit 20% Anzahlung und ausgezeichnetem Kredit.
- 30-year fixed-rate mortgage decreased to 6.46% from 6.49% last week
- 15-year fixed-rate mortgage decreased to 5.62% from 5.66% last week
- Both 30-year and 15-year FRM rates are significantly lower than a year ago
- Current mortgage rates are not enough to motivate potential homebuyers
- Rates may need to decline another percentage point to generate buyer demand
MCLEAN, Va., Aug. 22, 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 6.46 percent.
“Although mortgage rates have stayed relatively flat over the past couple of weeks, softer incoming economic data suggest rates will gently slope downward through the end of the year,” said Sam Khater, Freddie Mac’s Chief Economist. “Earlier this month, rates plunged and are now lingering just under 6.5 percent, which has not been enough to motivate potential homebuyers. We expect rates likely will need to decline another percentage point to generate buyer demand.”
News Facts
- The 30-year FRM averaged 6.46 percent as of August 22, 2024, down from last week when it averaged 6.49 percent. A year ago at this time, the 30-year FRM averaged 7.23 percent.
- The 15-year FRM averaged 5.62 percent, down from last week when it averaged 5.66 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 | Twitter | LinkedIn | Facebook | Instagram | YouTube
MEDIA CONTACT:
Angela Waugaman
(703)714-0644
Angela_Waugaman@FreddieMac.com
A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/caad200e-3f57-45d0-8ccb-d5743cebda46
FAQ
What is the current 30-year fixed-rate mortgage average according to Freddie Mac's PMMS® as of August 22, 2024?
How has the 30-year fixed-rate mortgage (FMCC) changed compared to last year?
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How much does Freddie Mac (FMCC) suggest mortgage rates need to decline to generate buyer demand?
