Here is your real estate news for Wednesday, June 11, 2025:
Top Real Estate News (June 11th, 2025):
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Privatizing Fannie Mae & Freddie Mac Could Raise Mortgage Rates: A proposal from former President Trump to privatize these GSEs has sparked industry concern. Economists warn mortgage rates could jump by up to 1% initially, potentially reducing affordability for average buyers.
- High Rates Continue to Test Market Resilience: Elevated mortgage rates are keeping the housing market in a holding pattern.
Mortgage Rates (June 11th, 2025):
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30-Year Fixed: 6.90% (down from ~6.97% a week ago)
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15-Year Fixed: 6.11%, slightly lower than last week’s 6.16%
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Jumbo 30-Year Fixed: 6.93%, a small decline from 6.97%
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10-Year Treasury Yield: 4.47%, down from 4.49% on June 9
In the competitive real estate market, staying informed is crucial for both buyers and sellers. By understanding mortgage trends, housing market shifts, and the broader economic environment, individuals can make well-informed decisions. This knowledge can lead to more effective pricing strategies, better investment timing, and smoother transactions. For buyers, tracking mortgage rates can help them secure more favorable terms, while sellers who know their local market trends can set more competitive listing prices. Overall, staying updated on these topics not only helps real estate professionals serve their clients better, but also empowers everyday buyers and sellers to achieve their property goals.
See you tomorrow for more real estate news!
Chris
