June 2024
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April Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "Mortgage rates continued rising this week. Despite rates increasing more than half a percent since the first week of the year, purchase demand remains steady. With rates staying higher for longer, many homebuyers are adjusting, as evidenced by this week’s report that sales of newly built homes saw the biggest increase since December 2022."

• 30-year fixed-rate mortgage (FRM) averaged 7.17 percent for the week ending April 25, 2024, up from last month when it averaged 6.79 percent. A year ago, at this time, the 30-year FRM averaged 6.43 percent.

• 15-year FRM this week averaged 6.44 percent, up from last month when it averaged 6.11 percent. A year ago, at this time, the 15-year FRM averaged 5.71 percent.

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