{"id":20203,"date":"2024-07-11T16:20:33","date_gmt":"2024-07-11T16:20:33","guid":{"rendered":"https:\/\/allonlinebanglanewspapers.com\/news\/mortgage-rates-tick-down-as-markets-digest-incoming-data\/"},"modified":"2024-07-11T16:20:33","modified_gmt":"2024-07-11T16:20:33","slug":"mortgage-rates-tick-down-as-markets-digest-incoming-data","status":"publish","type":"post","link":"https:\/\/allonlinebanglanewspapers.com\/news\/mortgage-rates-tick-down-as-markets-digest-incoming-data\/","title":{"rendered":"Mortgage Rates Tick Down as Markets Digest Incoming Data"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p align=\"left\">MCLEAN, Va., July  11, 2024  (GLOBE NEWSWIRE) &#8212; <a href=\"http:\/\/www.freddiemac.com\/\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Freddie Mac\">Freddie Mac<\/a> (OTCQB: FMCC) today released the results of its <a href=\"http:\/\/www.freddiemac.com\/pmms\/index.html?intcmp=CWS-HP\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Primary Mortgage Market Survey\">Primary Mortgage Market Survey<\/a><a href=\"http:\/\/www.freddiemac.com\/pmms\/index.html?intcmp=CWS-HP\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><sup>\u00ae<\/sup><\/a> (PMMS<sup>\u00ae<\/sup>), showing the 30-year fixed-rate mortgage (FRM) averaged 6.89 percent.<\/p>\n<p>&#8220;Following June\u2019s jobs report, which showed a cooling labor market, the 10-year Treasury yield decreased this week and mortgage rates followed suit,\u201d said Sam Khater, Freddie Mac\u2019s Chief Economist. \u201cWe\u2019re also seeing more inventory on the market, including a fair number of listings with price cuts, which is an encouraging sign for prospective buyers.\u201d<\/p>\n<p><strong>News Facts<\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:12pt;\">The <a href=\"http:\/\/www.freddiemac.com\/pmms\/pmms_archives.html\" rel=\"nofollow noopener\" target=\"_blank\" title=\"30-year FRM\">30-year FRM<\/a> averaged 6.89 percent as of July 11, 2024, down from last week when it averaged 6.95 percent. A year ago at this time, the 30-year FRM averaged 6.96 percent.<\/li>\n<li>The <a href=\"http:\/\/www.freddiemac.com\/pmms\/pmms_archives.html\" rel=\"nofollow noopener\" target=\"_blank\" title=\"15-year FRM\">15-year FRM<\/a> averaged 6.17 percent, down from last week when it averaged 6.25 percent. A year ago at this time, the 15-year FRM averaged 6.30 percent.<\/li>\n<\/ul>\n<p>The PMMS<sup>\u00ae<\/sup> is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. For more information, view our <a href=\"https:\/\/www.freddiemac.com\/pmms\/pmms_faqs\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a>.<\/p>\n<p>Freddie Mac\u2019s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: <a href=\"https:\/\/www.freddiemac.com\/\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Website\">Website<\/a> | <a href=\"https:\/\/myhome.freddiemac.com\/blog\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Consumers\">Consumers<\/a> | <a href=\"https:\/\/twitter.com\/FreddieMac\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Twitter\">Twitter<\/a> | <a href=\"https:\/\/www.linkedin.com\/company\/freddie-mac\/\" rel=\"nofollow noopener\" target=\"_blank\" title=\"LinkedIn\">LinkedIn<\/a> | <a href=\"https:\/\/www.facebook.com\/FreddieMac\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Facebook\">Facebook<\/a> | <a href=\"https:\/\/www.instagram.com\/freddiemaccorp\/?hl=en\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Instagram\">Instagram<\/a> | <a href=\"https:\/\/www.youtube.com\/freddiemaccorp\" rel=\"nofollow noopener\" target=\"_blank\" title=\"YouTube\">YouTube<\/a><\/p>\n<p><strong>MEDIA CONTACT: <\/strong><br \/><strong>Angela Waugaman<\/strong><br \/><strong>(703) 714-0644<\/strong><br \/><strong>Angela_Waugaman@FreddieMac.com<\/strong><\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/0cce60a2-919d-4bed-bfc6-fdbe5cb1134e\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/0cce60a2-919d-4bed-bfc6-fdbe5cb1134e<\/a><\/p>\n<p>\n            <\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MCLEAN, Va., July 11, 2024 (GLOBE NEWSWIRE) &#8212; Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey\u00ae (PMMS\u00ae), showing the 30-year fixed-rate mortgage (FRM) averaged 6.89 percent. &#8220;Following June\u2019s jobs report, which showed a cooling labor market, the 10-year Treasury yield decreased this week and mortgage rates followed suit,\u201d said [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":20204,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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