Mortgage Rates Fall, But Housing Costs Remain at Record Levels! – Knowhere News

Mortgage Rates Fall, But Housing Costs Remain at Record Levels! – Knowhere News

Mortgage rates dropped significantly on Thursday after the Trump administration announced new tariffs. The average rate for a 30-year fixed mortgage fell 12 basis points to 6.63%, according to Mortgage News Daily, marking its lowest level since October. The sharp decline came as a major sell-off in the stock market pushed investors toward bonds, driving bond yields lower. Since mortgage rates generally track the 10-year U.S. Treasury yield, they…

However, it still remains a problem for around 54% of companies – 55% in February. "There is a small glimmer of hope in housing: more new apartments have been approved," says Klaus Wohlrabe, head of the ifo surveys. The number of apartments approved for construction rose to 18,000 in January. This was about 7% more than in January 2024. The overall business climate in housing improved slightly, but remains deep in the negative area. The increase…

Economists Say Steady Mortgage Rates Are Spurring Sales but They Remain Cautious Over Tariffs Fallout

Real estate economists are pointing to this week’s mortgage rate activity as a possible bellwether for the remainder of the year.   The latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday shows the 30-year fixed-rate mortgage (FRM) averaging 6.64%, down one basis point from last week’s average of 6.65%. “Over the last month,… The post Economists Say Steady Mortgage Rates Are Spurring Sales but They Remain Cautious Ove…