Solutions For RealSolutions For Real
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Summer Financial Checklist

July 1, 2025

3 Gently Used Cars You Can Still Buy for Under $20,000

July 1, 2025

20 Companies With Permanent Remote Jobs

July 1, 2025
Facebook Twitter Instagram
Trending
  • Summer Financial Checklist
  • 3 Gently Used Cars You Can Still Buy for Under $20,000
  • 20 Companies With Permanent Remote Jobs
  • 8 Things You’re Forgetting to Include in Your Monthly Budget
  • NASA, Netflix Team Up to Live Stream Rocket Launches
  • Mark Zuckerberg Reveals Meta Superintelligence Labs
  • You Don’t Need A Retirement Coach—Or Do You?
  • Cut Costs Not Quality: 5 Grocery Upgrades That Save Money in the Long Run
Wednesday, July 2
Facebook Twitter Instagram
Solutions For RealSolutions For Real
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
Solutions For RealSolutions For Real
Home » Mortgage rates fall to lowest level in over 2 months
Mortgage

Mortgage rates fall to lowest level in over 2 months

News RoomBy News RoomMarch 1, 20250 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

Mortgage rates fell for a sixth consecutive week to the lowest level in more than two months, mortgage buyer Freddie Mac said Thursday.

Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage decreased to 6.76% from last week’s reading of 6.85%. The average rate on a 30-year loan was 6.94% a year ago.

“The drop in mortgage rates, combined with modestly improving inventory, is an encouraging sign for consumers in the market to buy a home,” said Sam Khater, Freddie Mac’s chief economist.

MORTGAGE RATES FALL FOR FIFTH WEEK IN A ROW, HOVER NEAR 7%

The average rate on the 15-year fixed mortgage fell to 5.94% from 6.04% last week. One year ago, the rate on the 15-year fixed note averaged 6.26%.

US PENDING HOME SALES FALL TO RECORD LOW IN JANUARY

Mortgage rates ranged from 6.91% to 7.04% in January, and the National Association of Realtors (NAR) said that in comparison to one year ago, the monthly mortgage payment on a $300,000 home increased by an extra $50 to $1,590.

Real Estate for sale

NAR reported on Thursday that its pending home sales index fell to the lowest level on record in January due to the double whammy of high mortgage rates and high home prices. Pending home sales were down 5.2% compared with a year ago.

“It is unclear if the coldest January in 25 years contributed to fewer buyers in the market, and if so, expect greater sales activity in the upcoming months,” said NAR chief economist Lawrence Yun. “However, it’s evident that elevated home prices and higher mortgages strained affordability.”

FOX Business’ Eric Revell contributed to this report.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Mortgage rates fall for 4th straight week, lowest since early May

Mortgage June 28, 2025

US regulator directs Fannie Mae, Freddie Mac to consider cryptocurrency as an asset

Mortgage June 27, 2025

Home sellers face harsh new reality as listings hit record $698B value

Mortgage June 10, 2025

Mortgage rates drop for first time in weeks, still hover near 7%

Mortgage June 6, 2025

Mortgage rates rise for third straight week, hover near 7%

Mortgage May 30, 2025

Homebuyers see silver lining in a potential recession, viewing it as buying opportunity

Mortgage May 25, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

3 Gently Used Cars You Can Still Buy for Under $20,000

July 1, 20250 Views

20 Companies With Permanent Remote Jobs

July 1, 20250 Views

8 Things You’re Forgetting to Include in Your Monthly Budget

July 1, 20250 Views

NASA, Netflix Team Up to Live Stream Rocket Launches

July 1, 20250 Views
Don't Miss

Mark Zuckerberg Reveals Meta Superintelligence Labs

By News RoomJuly 1, 2025

Meta CEO Mark Zuckerberg, 41, is reshaping the company’s AI efforts to focus on superintelligence,…

You Don’t Need A Retirement Coach—Or Do You?

June 30, 2025

Cut Costs Not Quality: 5 Grocery Upgrades That Save Money in the Long Run

June 30, 2025

10 Creative Ways to Save for a Big Goal (Like a Vacation!)

June 30, 2025
About Us
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

Summer Financial Checklist

July 1, 2025

3 Gently Used Cars You Can Still Buy for Under $20,000

July 1, 2025

20 Companies With Permanent Remote Jobs

July 1, 2025
Most Popular

Century 21 CEO optimistic over 2025 real estate market: Here's what buyers 'don't realize'

December 16, 20241 Views

15 Best Paid Survey Sites For Kids

December 12, 20231 Views

Summer Financial Checklist

July 1, 20250 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Solutions For Real. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.