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Lower mortgage rates help home sales heat up in July

CAR: Housing market springs back in March

Spring brought some much-needed life to the housing market, as home buyers embraced lower mortgage rates and more home listings. Home prices reached the highest level since October 2018.

CHN Poll

Interest rates

Long-term interest rates dipped slightly but remain near their highest level in seven years.

The average rate for a 30-year, fixed-rate mortgage was 4.71% with an average 0.5 points for the week ending Oct. 4, compared to 4.72% a week ago.

The average rate for a 15-year, fixed-rate mortgage dipped to 4.15%, from 4.16% a week ago.

Source: Freddie Mac


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