JH Callahan

Twin Cities Real Estate

Residential Commercial Investment

"We never promise more than we can deliver but we always deliver more than we promise"

651-455-8858
MENUMENU
  • Home
  • Search
  • Our Listings
  • Our Sold Listings
  • Resources
    • Sellers
    • Buyers
  • Our Team
  • Contact
  • News
  • Buyer's Comp

Mortgage Rates Continue to Fall

July 18, 2024 by Jim Callahan

July 18, 2024
The 30-year fixed-rate mortgage fell to its lowest level since mid-March, dropping 12 basis points from last week. Mortgage rates are headed in the right direction and the economy remains resilient, two positive incremental signs for the housing market. However, homebuyers have yet to respond to lower rates, as purchase application demand is still roughly 5 percent below Spring, when rates were approximately the same. This is not uncommon: sometimes as rates decline, demand weakens, and the apparent paradox is driven by buyers making sure rates don’t decline further before they decide to purchase.

Information provided by Freddie Mac.

Filed Under: Interest Rates

  • Calculators
  • Finding A Loan Officer
  • Mortgage Glossary
  • The Loan Process
  • Metro Markets
  • Communities
  • Schools

Navigation

  • Calculators
  • Finding A Loan Officer
  • Mortgage Glossary
  • The Loan Process
  • Metro Markets
  • Communities
  • Schools
CB Logo

1549 Livingston Avenue
Suite 109
West St Paul, MN 55118
651-455-8858

Let's stay in touch...

Realtor & Housing
Licensed In Minnesota

All information deemed reliable but not guaranteed and should be independently verified.

By searching you agree to the end user license agreement.

DMCA Copyright Notice.

Agent’s Comp
Copyright © 2025 | MSLLC