{"id":19344,"date":"2021-09-01T12:38:07","date_gmt":"2021-09-01T12:38:07","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=19344"},"modified":"2021-09-01T12:38:07","modified_gmt":"2021-09-01T12:38:07","slug":"mortgage-rates-barely-budge","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/mortgage-rates-barely-budge\/","title":{"rendered":"Mortgage Rates Barely Budge"},"content":{"rendered":"

Mortgage Rates Barely Budge<\/h1>\n
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Mortgage rates continue to hover at all-time lows, marking the ninth consecutive week that rates have averaged below 3%.<\/p>\n

\u201cThe tug-of-war between the economic recovery and rising COVID-19 cases has left mortgage rates moving sideways over the last few weeks,\u201d said Sam Khater, Freddie Mac\u2019s chief economist. \u201cOverall, rates continue to be low, with a window of opportunity for those who did not refinance under 3%. From a homebuyer perspective, purchase application demand is improving, but the major obstacle to higher home sales remains very low inventory for consumers to purchase.\u201d<\/p>\n

Additional housing inventories may be on the horizon, however. The National Association of REALTORS\u00ae reported this week that more listings<\/a>\u00a0arrived on the market in July, a trend that could continue into the fall months. Housing inventories increased 7.3% in July compared to June.<\/p>\n

Low mortgage rates likely will remain a strong pull for potential home buyers. A rush to lock in a low rate may continue to propel the housing market. NAR predicts the 30-year fixed-rate mortgage to rise, expecting it to average 3.2% from October through December.<\/p>\n

Freddie Mac reports the following national averages with mortgage rates for the week ending Aug. 26:<\/p>\n