Mortgage Rates Inch Back Up 09/14/2023
“Mortgage rates inched back up this week and remain anchored north of seven percent,” said Sam Khater, Freddie Mac’s Chief Economist. “The reacceleration of inflation and strength in the economy is keeping mortgage rates elevated. However, potential homebuyers can still benefit during these times of high mortgage rates by shopping around for the best rate quote. Freddie Mac research suggests homebuyers can potentially save $600-$1,200 annually by applying for mortgages from multiple lenders.”
News Facts
- The 30-year fixed-rate mortgage averaged 7.18 percent as of September 14, 2023, up from last week when it averaged 7.12 percent. A year ago at this time, the 30-year FRM averaged 6.02 percent.
- The 15-year fixed-rate mortgage averaged 6.51 percent, down from last week when it averaged 6.52 percent. A year ago at this time, the 15-year FRM averaged 5.21 percent.
Houses that are priced, presented & marketed correctly are selling fast.
Let my 32+ years of Real Estate experience in Las Vegas work for you. 702-378-7055
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Very Vintage Vegas does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Very Vintage Vegas, will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
