Weekly Mortgage Market Report

For all the latest on mortgage rates and market info:

Jeff Kooi

Mortgage Advisor

NMLS ID # 1954807

Cell/Text: 480-622-0235

Fax 1-800-385-3630

Weekly Mortgage Market Report
for the week ending on October 17, 2024

Average weekly rate data as provided by the Freddie Mac Primary Mortgage Market Survey®

10/17/24	Trending	Average Rate	One Week Change
30-Year Fixed Rate	▲ up	6.44%	+ 0.12%

The data presented above are the exact published results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) and are provided for informational purposes only. The data are not rate quotes and are not intended as an advertisement of interest rates as defined by Regulation Z, Section 1026.2.

Mortgage Rates Continue to Increase

“The 30-year fixed-rate mortgage increased for the third consecutive week, moving closer to 6.5%. In general, higher rates reflect the strength in the economy that is supportive of the housing market. But notably, as compared to a year ago, rates are more than one percentage point lower and potential homebuyers can stand to benefit, especially by shopping around for the best quote as rates can vary widely between mortgage lenders.”

– Sam Khater, Chief Economist, Freddie Mac

About this information: The financial and other information contained herein speaks only as of the date posted herein. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available. Averages are for conforming mortgages with 20% down. Average fees and points are provided to reflect the total upfront cost of obtaining a mortgage (one point equals one percent of the loan amount). Freddie Mac, and/or the provider of this information, is/are not responsible for business decisions made based on the reported results of the PMMS.

Jeff Kooi | Barrett Financial Group, LLC
275 E. Rivulon Blvd, Suite 200 - Gilbert, Az 85297

Barrett Financial Group, LLC, NMLS ID # 181106 (www.nmlsconsumeraccess.org)

This is not a commitment to lend or extend credit. All loans, credit and collateral are subject to approval. Restrictions and conditions may apply. Terms, rates, data, programs, information and conditions are subject to change without notice, and may not be available in all areas.