00:00 Speaker A So we are looking for this rate reduction. Um, but probably more importantly, we’re looking at the guidance and we’re also looking at the dissents. So what will you be watching most closely on Wednesday? 00:13 Speaker B Yes, so I think on the guide, two things. I would say the first … Read more
Mortgage rates are half a point lower than a year ago. According to Freddie Mac, the national average of 30 years fixed mortgage this week is 6.19%. A year ago, it was an average of 6.69% The fixed rate of 15 years is 5.44%. At this time last year, it averaged 5.96%. “Mortgage rates fell … Read more
Mortgage rates are so close to dropping below 6%. According to Zillow, the average 30-year fixed rate is down two basis points to 6.04%. A fractional one-day move lower and we will be in sub-6% territory, a move that is likely to trigger a wave of purchase and refinance applications. The 15-year fixed home loan … Read more