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Why industry experts don’t expect mortgage rates to fall

Housing Wire

Mortgage rates , which are currently near a 22-year high, declined slightly from last week ahead of the Fed’s sixth rate hike announcement. The Fed’s short-term rate does not directly impact long-term mortgage rates, but it does steer market activity to create higher rates and reduce demand. .

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New Hampshire Housing Market Forecast 2022 & 2023

Marco Santarelli

Data presented by the NH Housing report and echoed by the NH Association of Realtors indicates that the lack of sufficient inventory, both existing homes listed for sale and new units under construction, continues to sustain record high housing prices, which have been augmented by rising financing and construction costs.

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Miami Real Estate Posts 10th-Highest Total Home Sales Month in History

Realty Biz

“Although top sales marks are still being achieved, higher rates are starting to restore balance to the market. Look for fewer bidding wars, more days on market, and a cooling of the growth rate of pricing in the months ahead.”. The average commitment rate across all of 2021 was 2.96%. million.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Construction loan. It’s kind of like a fixed-rate mortgage and an adjustable-rate mortgage had a baby. A convertible ARM is a mortgage with a much lower interest rate at the start of the loan, where the interest rate fluctuates during the life of the loan, usually every six months.

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Las Vegas Real Estate Market 2020 Overview

Marco Santarelli

Due to rising economic uncertainly of the likes of the infamous recession cou0pled with stay-at-home order, the number of home sales in the Las Vegas housing market for April dropped sharply when compared to March. Many construction projects were also canceled or postponed indefinitely. The average days on market is 91.

Marketing 128
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Phoenix Real Estate Market & Investment Overview 2020

Marco Santarelli

With 2020 being, theoretically, in the middle of a boom, there are still 4 years for residential construction to surge. Impact of Covid-19 on The Phoenix Housing Market. Phoenix housing market 2020 started so strong that only something as drastic as the ongoing pandemic could have impeded the real estate sector. year-over-year.

Marketing 135
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NYC Real Estate Market 2020 Overview

Marco Santarelli

Home sales in the NYC housing market were down 46 percent from last year's June. Median Days on Market were 84 which was 6 days faster than last year. With the phased opening of the economy, buyers have been quicker to return to the housing market. percent on a 30-year fixed-rate mortgage.

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