{"id":13997,"date":"2018-09-04T15:21:44","date_gmt":"2018-09-04T15:21:44","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=13997"},"modified":"2018-09-04T15:21:45","modified_gmt":"2018-09-04T15:21:45","slug":"rates-holding-steady","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/rates-holding-steady\/","title":{"rendered":"Rates Holding Steady"},"content":{"rendered":"

Rates Holding Steady<\/h2>\n
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Rates Holding Steady<\/p><\/div>\n

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Mortgage rates haven\u2019t been this stable since the fall of 2016. Rates did inch up this week, but only slightly and are still offering prospective buyers a window of opportunity, says Sam Khater, Freddie Mac\u2019s chief economist.<\/p>\n

\u201cThe 30-year fixed-rate mortgage barely inched up this week, continuing the summer trend of essentially being flat,\u201d says Khater. \u201cWhile sales and price growth have softened these last few months, this leveling of rates may be helping more buyers reach the market. Purchase mortgage applications this week were once again modestly above year-ago levels.\u201d<\/p>\n

The recent slowdown in price appreciation in several markets, mixed with these steady mortgage rates, is \u201cgood news\u201d for many prospective buyers who may have been priced out earlier this year, Khater says.<\/p>\n

\u201cGiven the strength of the economy, it is possible for home sales to pick up even more before year\u2019s end,\u201d Khater says. \u201cThe key factor will be if affordably priced inventory increases enough to continue this recent trend of cooling price appreciation.\u201d<\/p>\n

Freddie Mac reports the following national averages with mortgage rates for the week ending Aug. 30:<\/p>\n