May 2024

March Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "Mortgage rates moved slightly lower this week, providing a bit more room in the budgets of some prospective homebuyers. Additionally, encouraging data out on existing home sales reflects improving inventory. Regardless, rates remain elevated near seven percent as markets watch for signs of cooling inflation, hoping that rates will come down further."

• 30-year fixed-rate mortgage (FRM) averaged 6.79 percent for the week ending March 28, 2024, down from last month when it averaged 6.9 percent. A year ago, at this time, the 30-year FRM averaged 6.32 percent.

• 15-year FRM this week averaged 6.11 percent, down from last month when it averaged 6.29 percent. A year ago, at this time, the 15-year FRM averaged 5.56 percent.




Joe Murphy CFP MSFS EA CRB GRI CMPS
E-mail: [email protected]
Website: www.efinancialconcepts.com
CA Real Estate License #01840329
NMLS #245973
AZ License #MB-0018041

Financial Concepts Inc.
4040 Civic Center Dr. Suite 200
San Rafael CA 94903
415-492-2832
7702 East Doubletree Ranch Rd. #300
Scottsdale AZ 85258
480-423-7042


Equal Housing Opportunity

unsubscribe