04/02/2026
MORTGAGE RATES RISE FOR THE 5TH STRAIGHT WEEK.
I just read an article with the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).
The 30-year fixed-rate mortgage averaged 6.46% as of April 2, up from last week when it averaged 6.38%. A year ago at this time, it averaged 6.64%.
The 15-year fixed-rate mortgage averaged 5.77%, up from last week when it averaged 5.75%. A year ago at this time, it averaged 5.82%.
Sam Khater, Freddie Mac’s chief economist, acknowledged the rising rates by stating, “With spring homebuying season in full swing, aspiring buyers should remember to shop around for the best mortgage rate, as they can potentially save thousands of dollars by getting multiple quotes.”
Call me so I can show you how to get the best of interest rates. And, as it always happens in real estate, this is only temporary. I've been through enough cycles in my 36+ years in this business, selling properties with rates as high as 18% and as low as 2%. No need to panic, we can weather the storm!!!.