12/27/2024
📊FYI: Mortgage rates spiked this week to the highest level in five months, ending the year slightly higher than where they started.
Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage jumped to 6.85%, up from last week's reading of 6.72%. The average rate on a 30-year loan was 6.61% a year ago. This week's increase marked the highest level on the 30-year loan since mid-July, when the rate was 6.89%, according to Freddie Mac data. The lowest rate this year was 6.08% at the end of September, while the highest — 7.22% — was reached at the beginning of May.
Interested in Lake Tahoe | Truckee luxury living, call/text Bernie Atkinson today @ 530.386.3683 or visit https://bernieatkinson.bhhsdrysdale.com
Berkshire Hathaway Home Services Drysdale Properties / License BRE # 01839286
Bernie is a long-time resident of the Lake Tahoe area, since moving here and attending North Tahoe High School in 1984. He grew up on the lake and has an extensive knowledge of the region and all the benefits it has to offer. Also, having spent 8 years living in San Francisco after college, he has a...