The 30-Year Fixed-Rate Mortgage Reaches Lowest Level in Two Years
Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey® (PMMS®) on September 26, 2024, showing the 30-year fixed-rate mortgage (FRM) averaged 6.08%, its lowest level in two years. This slight decline from last week's 6.09% marks a significant drop from the 7.31% rate a year ago. The 15-year FRM averaged 5.16%, up marginally from last week's 5.15%, but still well below the 6.72% rate of the previous year.
Sam Khater, Freddie Mac's Chief Economist, noted that the downward trend in rates is boosting refinance activity, offering homeowners opportunities to reduce their monthly mortgage payments. He also observed that many potential homebuyers are waiting to see if rates will decrease further as new economic data is released in the coming weeks.
Freddie Mac (OTCQB: FMCC) ha pubblicato il suo Primary Mortgage Market Survey® (PMMS®) il 26 settembre 2024, mostrando che il mutuo a tasso fisso di 30 anni (FRM) ha registrato una media del 6,08%, il livello più basso degli ultimi due anni. Questa lieve diminuzione rispetto al 6,09% della settimana scorsa segna un notevole calo rispetto al tasso del 7,31% di un anno fa. Il FRM a 15 anni ha avuto una media del 5,16%, leggermente in aumento rispetto al 5,15% della settimana precedente, ma comunque ben al di sotto del 6,72% dell'anno scorso.
Sam Khater, Chief Economist di Freddie Mac, ha osservato che il trend in diminuzione dei tassi sta incentivando l'attività di rifinanziamento, offrendo ai proprietari di casa opportunità per ridurre i loro pagamenti mensili del mutuo. Ha inoltre notato che molti potenziali acquirenti di case stanno aspettando di vedere se i tassi scenderanno ulteriormente con il rilascio di nuovi dati economici nelle prossime settimane.
Freddie Mac (OTCQB: FMCC) publicó su Primary Mortgage Market Survey® (PMMS®) el 26 de septiembre de 2024, mostrando que la hipoteca a tipo fijo a 30 años (FRM) promedió un 6.08%, su nivel más bajo en dos años. Esta leve disminución respecto al 6.09% de la semana pasada representa una caída significativa desde el 7.31% del año pasado. La FRM a 15 años promedió un 5.16%, con un ligero aumento respecto al 5.15% de la semana anterior, pero aún muy por debajo del 6.72% del año pasado.
Sam Khater, Economista Jefe de Freddie Mac, destacó que la tendencia a la baja en las tasas está impulsando la actividad de refinanciamiento, ofreciendo a los propietarios de viviendas oportunidades para reducir sus pagos mensuales de hipoteca. También observó que muchos compradores potenciales están esperando ver si las tasas disminuirán aún más a medida que se publique nueva información económica en las próximas semanas.
프레디 맥 (OTCQB: FMCC)는 2024년 9월 26일 30년 고정금리 모기지 (FRM)의 평균 금리가 6.08%로 2년 만에 가장 낮은 수준이라는 것을 보여주는 Primary Mortgage Market Survey® (PMMS®)를 발표했습니다. 지난 주의 6.09%에서 소폭 감소한 이 수치는 지난해 7.31%에 비해 상당한 하락입니다. 15년 FRM의 평균 금리는 5.16%로, 지난 주의 5.15%보다 약간 상승했지만 여전히 지난해 6.72%보다 낮습니다.
프레디 맥의 수석 경제학자인 샘 카터는 금리가 하락하는 추세로 인해 재융자 활동이 증가하고 있으며, 주택 소유자들이 월별 모기지 상환액을 줄일 기회를 얻고 있다고 언급했습니다. 그는 또한 많은 잠재적인 주택 구매자들이 향후 몇 주 내에 새로운 경제 데이터가 발표됨에 따라 금리가 더 하락할지 지켜보고 있다고 관찰했습니다.
Freddie Mac (OTCQB: FMCC) a publié son Primary Mortgage Market Survey® (PMMS®) le 26 septembre 2024, montrant que la hypothèque à taux fixe de 30 ans (FRM) a atteint en moyenne 6,08%, son niveau le plus bas depuis deux ans. Cette légère baisse par rapport à 6,09% la semaine dernière marque une importante diminution par rapport au taux de 7,31% d'il y a un an. La FRM à 15 ans a affiché une moyenne de 5,16%, en légère hausse par rapport à 5,15% la semaine précédente, mais toujours bien en dessous du taux de 6,72% de l'année dernière.
Sam Khater, économiste en chef chez Freddie Mac, a noté que la tendance à la baisse des taux stimule l'activité de refinancement, offrant aux propriétaires la possibilité de réduire leurs paiements mensuels de prêt hypothécaire. Il a également observé que de nombreux acheteurs potentiels attendent de voir si les taux vont baisser davantage à mesure que de nouvelles données économiques seront publiées dans les semaines à venir.
Freddie Mac (OTCQB: FMCC) veröffentlichte am 26. September 2024 seine Primary Mortgage Market Survey® (PMMS®), aus der hervorgeht, dass die 30-jährige Festzins-Hypothek (FRM) im Durchschnitt 6,08% beträgt, den niedrigsten Stand seit zwei Jahren. Dieser leichte Rückgang von 6,09% in der Vorwoche stellt einen signifikanten Rückgang gegenüber dem Satz von 7,31% vor einem Jahr dar. Die 15-jährige FRM lag im Durchschnitt bei 5,16%, was einen marginalen Anstieg gegenüber 5,15% in der Vorwoche bedeutet, jedoch weiterhin deutlich unter dem 6,72%-Satz des Vorjahres liegt.
Sam Khater, Chefökonom von Freddie Mac, stellte fest, dass der rückläufige Trend bei den Zinssätzen die Refinanzierungsaktivitäten ankurbelt und Hausbesitzern die Möglichkeit bietet, ihre monatlichen Hypothekenzahlungen zu senken. Zudem beobachtete er, dass viele potenzielle Hauskäufer abwarten, ob die Zinssätze in den kommenden Wochen weiter sinken werden, da neue Wirtschaftsdaten veröffentlicht werden.
- 30-year fixed-rate mortgage reached its lowest level in two years at 6.08%
- Significant year-over-year decrease in 30-year FRM from 7.31% to 6.08%
- Refinance activity is increasing due to lower rates
- 15-year FRM rate (5.16%) is considerably lower than a year ago (6.72%)
- 15-year FRM rate increased slightly week-over-week from 5.15% to 5.16%
- Potential homebuyers are delaying purchases, waiting for possible further rate decreases
MCLEAN, Va., Sept. 26, 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 6.08 percent.
“Although this week’s decline was slight, the 30-year fixed-rate mortgage trended down to its lowest level in two years,” said Sam Khater, Freddie Mac’s Chief Economist. “Given the downward trajectory of rates, refinance activity continues to pick up, creating opportunities for many homeowners to trim their monthly mortgage payment. Meanwhile, many looking to purchase a home are playing the waiting game to see if rates decrease further as additional economic data is released over the next several weeks.”
News Facts
- The 30-year FRM averaged 6.08 percent as of September 26, 2024, down from last week when it averaged 6.09 percent. A year ago at this time, the 30-year FRM averaged 7.31 percent.
- The 15-year FRM averaged 5.16 percent, up from last week when it averaged 5.15 percent. A year ago at this time, the 15-year FRM averaged 6.72 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
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Angela_Waugaman@FreddieMac.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0354fd80-69df-453a-bd17-45f62595bfaf
FAQ
What was the average 30-year fixed-rate mortgage rate according to Freddie Mac's PMMS on September 26, 2024?
How does the current 30-year FRM rate compare to the previous year for Freddie Mac (FMCC)?
What was the average 15-year fixed-rate mortgage rate in Freddie Mac's latest PMMS report?
How has the decline in mortgage rates affected refinance activity according to Freddie Mac's Chief Economist?
