{"id":227240,"date":"2023-04-06T16:15:00","date_gmt":"2023-04-06T20:15:00","guid":{"rendered":"https:\/\/www.livabl.com\/articles\/?p=227240"},"modified":"2023-04-11T16:23:11","modified_gmt":"2023-04-11T20:23:11","slug":"mortgage-rates-trending-lower-for-spring-selling","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling","title":{"rendered":"Mortgage rates trending lower for spring selling"},"content":{"rendered":"<h4 id='pressboard-ad-sponsorship-tag' style='margin-bottom: 35px;'><\/h4>\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2023\/04\/freddie-mac-2.jpg\" rel=\"lightbox[227240]\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"420\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2023\/04\/freddie-mac-2.jpg\" alt=\"\" class=\"wp-image-227242\"\/><\/a><figcaption>Freddie Mac<\/figcaption><\/figure>\n\n\n\n<p>The results of Freddie Mac\u2019s Primary Mortgage Market Survey show the 30-year fixed-rate mortgage averaged 6.28% for the week of April 6, down from the prior week when it averaged 6.32%. A year ago at this time, the rate averaged 4.72%.<\/p>\n\n\n\n<p>\u201cMortgage rates continue to trend down entering the traditional spring home buying season,\u201d says Sam Khater, Freddie Mac\u2019s chief economist. \u201cUnfortunately, those in the market to buy are facing a number of challenges, not the least of which is the low inventory of homes for sale, especially for aspiring first-time home buyers.\u201d<\/p>\n\n\n\n<p>The 15-year fixed-rate mortgage averaged 5.64%, up from the prior week when it averaged 5.56%. A year ago at this time, the rate averaged 3.91%.<\/p>\n\n\n\n<p>Mortgage applications for the week ending March 31 decreased 4.1% from one week earlier, according to data from the Mortgage Bankers Association\u2019s (MBA) Weekly Mortgage Applications Survey.<\/p>\n\n\n\n<p>\u201cSpring has arrived, but the housing market is missing the customary burst in listings and purchase activity that typically mark the season,\u201d says Mike Fratantoni, MBA\u2019s senior vice president and chief economist. \u201cAfter four weeks of increasing purchase application activity, volume declined a bit this week even with another small drop in mortgage rates.\u201d<\/p>\n\n\n\n<p>The association\u2019s Refinance Index decreased 5% from the previous week and was 59% lower than the same week one year ago, while the seasonally adjusted Purchase Index decreased 4% from one week earlier.<\/p>\n\n\n\n<p>\u201cAt the entry-level segment of the market, purchase applications for both FHA and&nbsp;<a href=\"https:\/\/www.builderonline.com\/local-housing-data\" class=\"external\" target=\"_blank\">VA<\/a>&nbsp;loans decreased last week,\u201d adds Fratantoni. \u201cWe do expect strong demand from first-time home buyers over the next several years given the large number of millennials hitting peak first-time home buyer age, but affordability remains a real challenge in this environment.\u201d<\/p>\n<div id='pressboard-ad-sponsorship-msg'><\/div>","protected":false},"excerpt":{"rendered":"<p>The results of Freddie Mac\u2019s Primary Mortgage Market Survey show the 30-year fixed-rate mortgage averaged 6.28% for the week of April 6.<\/p>\n","protected":false},"author":49,"featured_media":227242,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"2023-04-11T20:20:45Z","apple_news_api_id":"b1238b30-6916-4941-bfa6-d1b130ce0dfc","apple_news_api_modified_at":"2023-04-11T20:20:45Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/AsSOLMGkWSUG_ptGxMM4N_A","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11108],"tags":[11277,11202],"coauthors":[10332],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mortgage rates trending lower for spring selling | Livabl<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mortgage rates trending lower for spring selling | Livabl\" \/>\n<meta property=\"og:description\" content=\"The results of Freddie Mac\u2019s Primary Mortgage Market Survey show the 30-year fixed-rate mortgage averaged 6.28% for the week of April 6.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling\" \/>\n<meta property=\"og:site_name\" content=\"Livabl\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-06T20:15:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-11T20:23:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2023\/04\/freddie-mac-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Livabl\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Livabl\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling\",\"url\":\"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling\",\"name\":\"Mortgage rates trending lower for spring selling | Livabl\",\"isPartOf\":{\"@id\":\"https:\/\/www.livabl.com\/articles\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2023\/04\/freddie-mac-2.jpg\",\"datePublished\":\"2023-04-06T20:15:00+00:00\",\"dateModified\":\"2023-04-11T20:23:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.livabl.com\/articles\/#\/schema\/person\/36764230a969f18fc6dc798c5a4daedf\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling#primaryimage\",\"url\":\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2023\/04\/freddie-mac-2.jpg\",\"contentUrl\":\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2023\/04\/freddie-mac-2.jpg\",\"width\":800,\"height\":420},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Articles\",\"item\":\"https:\/\/www.livabl.com\/articles\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News\",\"item\":\"https:\/\/www.livabl.com\/articles\/news\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Mortgage rates trending lower for spring selling\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.livabl.com\/articles\/#website\",\"url\":\"https:\/\/www.livabl.com\/articles\/\",\"name\":\"Livabl\",\"description\":\"Building New Home Dreams\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.livabl.com\/articles\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.livabl.com\/articles\/#\/schema\/person\/36764230a969f18fc6dc798c5a4daedf\",\"name\":\"Livabl\",\"url\":\"https:\/\/www.livabl.com\/articles\/author\/livabl\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Mortgage rates trending lower for spring selling | Livabl","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling","og_locale":"en_US","og_type":"article","og_title":"Mortgage rates trending lower for spring selling | Livabl","og_description":"The results of Freddie Mac\u2019s Primary Mortgage Market Survey show the 30-year fixed-rate mortgage averaged 6.28% for the week of April 6.","og_url":"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling","og_site_name":"Livabl","article_published_time":"2023-04-06T20:15:00+00:00","article_modified_time":"2023-04-11T20:23:11+00:00","og_image":[{"width":800,"height":420,"url":"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2023\/04\/freddie-mac-2.jpg","type":"image\/jpeg"}],"author":"Livabl","twitter_misc":{"Written by":"Livabl","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling","url":"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling","name":"Mortgage rates trending lower for spring selling | Livabl","isPartOf":{"@id":"https:\/\/www.livabl.com\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling#primaryimage"},"image":{"@id":"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling#primaryimage"},"thumbnailUrl":"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2023\/04\/freddie-mac-2.jpg","datePublished":"2023-04-06T20:15:00+00:00","dateModified":"2023-04-11T20:23:11+00:00","author":{"@id":"https:\/\/www.livabl.com\/articles\/#\/schema\/person\/36764230a969f18fc6dc798c5a4daedf"},"breadcrumb":{"@id":"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling#primaryimage","url":"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2023\/04\/freddie-mac-2.jpg","contentUrl":"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2023\/04\/freddie-mac-2.jpg","width":800,"height":420},{"@type":"BreadcrumbList","@id":"https:\/\/www.livabl.com\/articles\/news\/mortgage-rates-trending-lower-for-spring-selling#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Articles","item":"https:\/\/www.livabl.com\/articles"},{"@type":"ListItem","position":2,"name":"News","item":"https:\/\/www.livabl.com\/articles\/news"},{"@type":"ListItem","position":3,"name":"Mortgage rates trending lower for spring selling"}]},{"@type":"WebSite","@id":"https:\/\/www.livabl.com\/articles\/#website","url":"https:\/\/www.livabl.com\/articles\/","name":"Livabl","description":"Building New Home Dreams","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.livabl.com\/articles\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.livabl.com\/articles\/#\/schema\/person\/36764230a969f18fc6dc798c5a4daedf","name":"Livabl","url":"https:\/\/www.livabl.com\/articles\/author\/livabl"}]}},"_links":{"self":[{"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/posts\/227240"}],"collection":[{"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/comments?post=227240"}],"version-history":[{"count":0,"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/posts\/227240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/media\/227242"}],"wp:attachment":[{"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/media?parent=227240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/categories?post=227240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/tags?post=227240"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/coauthors?post=227240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}