Closing Fixed-rate mortgage New Construction Short sale 
Realty Biz
MAY 21, 2023
Rates leveled off before recently rising again. Rates on March 1, 2022 were 3.90%. Home sales are sensitive to mortgage rate changes. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.35% as of May 11. Miami Distressed Sales Remain Low, Reflecting Healthy Market Only 1.3%
Realty Biz
MARCH 21, 2023
Pending Sales and Showing Appointments Rise for Second Consecutive Month Total pending sales rose 16.9% Pending sales are an indicator of future sales, but it takes up to 40 days for pending transactions to close and not all pending sales end in deals. Short sales and REOs accounted for 0.1%
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Realty Biz
DECEMBER 26, 2022
While the Fed doesn’t set mortgage rates, it affects them through its conduct of monetary policy. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage averaged 6.31% as of December 15. Miami Distressed Sales Remain Low, Reflecting Healthy Market Only 1.7%
Realty Biz
JUNE 24, 2022
Look for fewer bidding wars, more days on market, and a cooling of the growth rate of pricing in the months ahead.”. Second-Best May Sales Month in History Miami’s total closed sales in May 2022 outperformed nearly every other May in history despite higher mortgage rates, lower supply, and higher sale prices.
Marco Santarelli
AUGUST 5, 2020
Now we’re looking at a certain economic downturn due to the government’s choice to close the vast majority of businesses, nearly killing the service economy. The 30-year fixed-rate averaged 3.57% in the first quarter of 2020, down from 4.62% one year ago. The current 30-year fixed-rate is averaged 3.15%.
Marco Santarelli
SEPTEMBER 7, 2020
After a big slump in real estate sales and activity during April, May, and June, home sales have bounced back in the Metro Orlando housing market. In July, the total closed sales amounted to 3,679, up 1.4% The median sales price in Orlando for all home types sold in July was $270,000, which marked a 9.2%
Marco Santarelli
SEPTEMBER 5, 2020
July 2020 was a very active month for closings, up almost 13% compared with July 2019. This increase in new listings appears to be setting in for the long run, which is a little bit of good news for buyers. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%.
Expert insights. Personalized for you.
93 
Let's personalize your content