There are some obvious things that can hurt a credit score: paying your bills late, using too much available credit in proportion to your income, and defaulting on a loan. Some other financial
National Average 30-year Mortgage Rate Drops to a 2024 Low!
Dated: August 24 2024
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The national average rate on a 30-year mortgage eased this week to the lowest level in 15 months, providing slight relief for home shoppers navigating a brutal housing market. |
The rate fell to 6.46% from 6.49% last week, Freddie Mac said yesterday. A year ago, the national rate averaged 7.23%. The national average rate is now the lowest it's been since mid-May last year, when it was 6.39%. |
“Earlier this month, [national] rates plunged and are now lingering just under 6.5%, which has not been enough to motivate potential homebuyers,” Sam Khater, Freddie Mac’s chief economist, said in the statement. “We expect rates likely will need to decline another percentage point to generate buyer demand.” |
Beth Brannan
Beth Brannan of 'Your Home Team Advantage', realizes how important you, the client, are as a team member for her to successfully assist you with your housing needs. Her team approach is to serve you a....
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