March Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "Mortgage rates moved slightly lower this week, providing a bit more room in the budgets of some prospective homebuyers. Additionally, encouraging data out on existing home sales reflects improving inventory. Regardless, rates remain elevated near seven percent as markets watch for signs of cooling inflation, hoping that rates will come down further."

• 30-year fixed-rate mortgage (FRM) averaged 6.79 percent for the week ending March 28, 2024, down from last month when it averaged 6.9 percent. A year ago, at this time, the 30-year FRM averaged 6.32 percent.
• 15-year FRM this week averaged 6.11 percent, down from last month when it averaged 6.29 percent. A year ago, at this time, the 15-year FRM averaged 5.56 percent.