Welcome home, fellow Gator.

The Gator Nation's oldest and most active insider community
Join today!

30-Year Fixed Mortgage Rate Drops for 3rd Consecutive Week: Freddie Mac

Discussion in 'Too Hot for Swamp Gas' started by flgator2, Apr 11, 2025 at 3:31 AM.

Page 1 of 2
  1. Apr 11, 2025 at 3:31 AM #1
    flgator2

    flgator2 GC Hall of Fame

    7,505
    798
    2,113
    Apr 3, 2007
    Gainesville
    30-Year Fixed Mortgage Rate Drops for 3rd Consecutive Week: Freddie Mac | The Epoch Times

    The average 30-year fixed-rate mortgage continued its downward trend, registering a weekly average of 6.62 percent as of April 10.

    According to Freddie Mac’s mortgage tracker, the rate has remained under 7 percent for the 12th consecutive week, and has shown a declining trend for the past three weeks. The 15-year fixed-rate mortgage is at 5.82 percent, staying the same as last week.
    “As purchase applications continue to climb, the spring homebuying season is shaping up to look more favorable than last year,” said Sam Khater, Freddie Mac’s Chief Economist.

    The Refinance Index increased 35 percent from the previous week and was 93 percent higher than the same week one year ago, said the statement.

    That's a great trend; this will help a lot of home buyers and those who have high rates under the Biden administration
     
    • Funny Funny x 3
    • Agree Agree x 2
    • Informative Informative x 2
    • Like Like x 1
  2. Apr 11, 2025 at 10:35 AM #2
    mdgator05

    mdgator05 Premium Member

    17,640
    2,271
    1,718
    Dec 9, 2010
    • Agree Agree x 1
    • Disagree Bacon! Disagree Bacon! x 1
    • Fistbump/Thanks! Fistbump/Thanks! x 1
  3. Apr 11, 2025 at 12:17 PM #3
    VAg8r1

    VAg8r1 GC Hall of Fame

    23,377
    1,977
    1,763
    Apr 8, 2007
    • Agree Agree x 1
  4. Apr 11, 2025 at 12:46 PM #4
    GatorNorth

    GatorNorth Premium Member Premium Member

    17,702
    8,226
    3,203
    Apr 3, 2007
    Atlanta
    This thread aged well. Debunked in one post.
     
    • Agree Agree x 2
  5. Apr 11, 2025 at 2:11 PM #5
    WarDamnGator

    WarDamnGator GC Hall of Fame

    11,691
    1,454
    1,718
    Apr 8, 2007
  6. Apr 11, 2025 at 2:12 PM #6
    WarDamnGator

    WarDamnGator GC Hall of Fame

    11,691
    1,454
    1,718
    Apr 8, 2007
    Starting to get a whiff of the Stagflation that is coming ....
     
    • Agree Agree x 1
  7. Apr 11, 2025 at 2:13 PM #7
    l_boy

    l_boy 5500

    13,355
    1,787
    3,268
    Jan 6, 2009
    This did not turn out well for you.
     
    • Agree Agree x 1
    • Disagree Bacon! Disagree Bacon! x 1
    • Optimistic Optimistic x 1
  8. Apr 11, 2025 at 2:41 PM #8
    flgator2

    flgator2 GC Hall of Fame

    7,505
    798
    2,113
    Apr 3, 2007
    Gainesville
    There still under 7 which is better than it was. Sounds like you and the other libbies are happy for this
     
    • Disagree Bacon! Disagree Bacon! x 2
    • Agree Agree x 1
    • Come On Man Come On Man x 1
  9. Apr 11, 2025 at 2:43 PM #9
    NavyGator93

    NavyGator93 GC Hall of Fame

    2,015
    767
    2,663
    Dec 4, 2015
    Georgia
    I've been gone for awhile, nice to see OP hasn't changed. Just making up random crap.
     
    • Agree Agree x 3
    • Funny Funny x 1
  10. Apr 11, 2025 at 3:09 PM #10
    WarDamnGator

    WarDamnGator GC Hall of Fame

    11,691
    1,454
    1,718
    Apr 8, 2007
    Not according to CNBC and the headline “mortgage rates surge above 7%”… but keep on believing….
     
  11. Apr 11, 2025 at 3:46 PM #11
    VAg8r1

    VAg8r1 GC Hall of Fame

    23,377
    1,977
    1,763
    Apr 8, 2007
    Not really. Most recent I report on mortgage rates that I could locate.
    Mortgage Rates Hold On to Dramatic 3-Day Surge - Apr. 11, 2025
    After shooting up for three consecutive days, the 30-year mortgage rate average marched in place at 7.06% Thursday—its highest level since mid-January. Rates were roughly flat for most other mortgage types as well.

    Edit: Apparently someone lives in a different reality. Maybe the rate is still under 7% if one is a believer in alternative facts.
     
    • Disagree Bacon! Disagree Bacon! x 1
    • Informative Informative x 1
  12. Apr 11, 2025 at 3:52 PM #12
    Tjgators

    Tjgators Premium Member

    5,457
    721
    458
    Apr 3, 2007
  13. Apr 11, 2025 at 3:54 PM #13
    G8tas

    G8tas GC Hall of Fame

    5,558
    1,032
    553
    Sep 22, 2008
    One day you will come to acknowledge the failure of the Trump administration
     
    • Optimistic Optimistic x 6
  14. Apr 11, 2025 at 4:00 PM #14
    WarDamnGator

    WarDamnGator GC Hall of Fame

    11,691
    1,454
    1,718
    Apr 8, 2007
    How does that change the fact that mortgage rates surged above 7%?
     
    • Optimistic Optimistic x 2
  15. Apr 11, 2025 at 4:13 PM #15
    WC53

    WC53 GC Hall of Fame

    5,327
    1,064
    2,088
    Oct 17, 2015
    Old City
    Everyone needs to experience that old 13-5/8 rate. Damn spoiled youngsters ;)
     
    • Funny Funny x 1
  16. Apr 11, 2025 at 7:43 PM #16
    Gatorrick22

    Gatorrick22 GC Hall of Fame

    90,264
    27,212
    4,613
    Apr 3, 2007
    Don't you know the Liberals don't care about "main street"... they only care about the oligarchy and Wall Street. :rolleyes::D
     
    • Funny Funny x 2
    • Like Like x 1
  17. Apr 11, 2025 at 7:48 PM #17
    exiledgator

    exiledgator Gruntled

    12,121
    2,278
    3,128
    Jan 5, 2010
    Maine
    Somehow, pointing out the fact that mortgage rates are north of 7 directly equals celebrating that rate.

    There's no way people are that stupid, right? So what is it? (Rhetoric)
     
    • Agree Agree x 3
  18. Apr 11, 2025 at 7:50 PM #18
    Gatorrick22

    Gatorrick22 GC Hall of Fame

    90,264
    27,212
    4,613
    Apr 3, 2007
    [​IMG]
     
    • Agree Agree x 1
  19. Apr 11, 2025 at 8:06 PM #19
    G8tas

    G8tas GC Hall of Fame

    5,558
    1,032
    553
    Sep 22, 2008
    Which party is looking to give a tax cut this year to the wealthiest people on the planet?
     
    • Agree Agree x 1
    • Fistbump/Thanks! Fistbump/Thanks! x 1
  20. Apr 11, 2025 at 8:58 PM #20
    gatorrob87

    gatorrob87 GC Legend

    900
    290
    193
    Oct 28, 2023
    Citra, Florida
    You left out “at the cost to the middle class”
     
    • Fistbump/Thanks! Fistbump/Thanks! x 1
Page 1 of 2