{"id":3705,"date":"2024-06-19T12:34:06","date_gmt":"2024-06-19T12:34:06","guid":{"rendered":"https:\/\/lockdeskindia.com\/?p=3705"},"modified":"2024-06-19T12:34:06","modified_gmt":"2024-06-19T12:34:06","slug":"rates-weekly-update","status":"publish","type":"post","link":"https:\/\/lockdeskindia.com\/index.php\/2024\/06\/19\/rates-weekly-update\/","title":{"rendered":"Rates “Weekly Update”."},"content":{"rendered":"\n

Mortgage Rates Inch Up<\/strong><\/h2>\n\n\n\n

MCLEAN, Va., July 27, 2023 (GLOBE NEWSWIRE) — Freddie Mac<\/u><\/a> (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey<\/u>\u00ae<\/sup><\/u><\/a> (PMMS\u00ae<\/sup>), showing the 30-year fixed-rate mortgage (FRM) averaged 6.81 percent.<\/p>\n\n\n\n

\u201cMortgage rates inched up slightly after a significant decline last week,\u201d said Sam Khater, Freddie Mac\u2019s Chief Economist. \u201cHigher interest rates continue to dampen activity in interest rate-sensitive sectors, such as housing. However, overall U.S. consumer confidence is unwavering, surging to a two-year high in the Conference Board\u2019s Consumer Confidence Index for July 2023. Rising consumer confidence often leads to greater spending, which could drive more consumers into the housing market.\u201d<\/p>\n\n\n\n

News Facts<\/strong><\/p>\n\n\n\n

30-year fixed-rate mortgage<\/u><\/a> averaged 6.81 percent as of July 27, 2023, up from last week when it averaged 6.78 percent. A year ago at this time, the 30-year FRM averaged 5.30 percent.<\/p>\n\n\n\n

15-year fixed-rate mortgage<\/u><\/a> averaged 6.11 percent, up from last week when it averaged 6.06 percent. A year ago at this time, the 15-year FRM averaged 4.58 percent.<\/p>\n\n\n\n

(source: Freddie Mac<\/u><\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

Mortgage Rates Inch Up MCLEAN, Va., July 27, 2023 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary […]<\/p>\n","protected":false},"author":1,"featured_media":3706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/lockdeskindia.com\/index.php\/wp-json\/wp\/v2\/posts\/3705"}],"collection":[{"href":"https:\/\/lockdeskindia.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lockdeskindia.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lockdeskindia.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lockdeskindia.com\/index.php\/wp-json\/wp\/v2\/comments?post=3705"}],"version-history":[{"count":1,"href":"https:\/\/lockdeskindia.com\/index.php\/wp-json\/wp\/v2\/posts\/3705\/revisions"}],"predecessor-version":[{"id":3707,"href":"https:\/\/lockdeskindia.com\/index.php\/wp-json\/wp\/v2\/posts\/3705\/revisions\/3707"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lockdeskindia.com\/index.php\/wp-json\/wp\/v2\/media\/3706"}],"wp:attachment":[{"href":"https:\/\/lockdeskindia.com\/index.php\/wp-json\/wp\/v2\/media?parent=3705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lockdeskindia.com\/index.php\/wp-json\/wp\/v2\/categories?post=3705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lockdeskindia.com\/index.php\/wp-json\/wp\/v2\/tags?post=3705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}