Mortgage rates have dipped, signaling a potential thaw in the real estate market, with 30-year fixed loans falling to 6.87%. Despite a report of rising inflation, Freddie Mac's Chief Economist, Sam Khater, sees the stability encouraging for potential buyers. However, rates are still higher than a year ago. While the drop occurred even amid rising Treasury yields, experts caution that the overall economic situation, including inflation and government policies, may still impact the market's trajectory.
"Recent mortgage rate stability is benefiting potential buyers, as purchase demand is stronger than this time last year, indicating a thaw in buyer activity could be on the horizon."
"The 30-year fixed-rate mortgage continued to inch down this week, reaching its lowest level thus far in 2025, but rates remain higher than they were one year ago at this time."
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