RE/MAX president and CEO Nick Bailey discusses how rising mortgage rates are adding to housing affordability deterioration on 'The Claman Countdown.'compiled by mortgage buyer Freddie Mac.
The 30-year fixed-rate mortgage averaged 6.27% as of April 13, down from 6.28% recorded last week. One year ago, the 30-year FRM averaged 5.00%. Meanwhile, the 15-year fixed-rate mortgage averaged 5.54%. Last week it averaged 5.56%. At the same time in 2022, the 15-year FRM averaged 4.17%. A"For Sale" sign outside of a home in Atlanta, Georgia, US, on Friday, Feb. 17, 2023. The National Association of Realtors is scheduled to release existing homes sales figures on February 2
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