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Housing Wire
JANUARY 18, 2024
Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% by the end of 2024 from the current federal funds rate range of 5.25%-5.5%.
Housing Wire
SEPTEMBER 22, 2022
Mortgage rates have nearly doubled to around 6.5% Following the Fed’s decision to raise interest rates by an additional 75 basis points on Wednesday, the central bank said it will hike rates as high as 4.6% Before the Federal Reserve raised the federal funds rate by 0.75 According to the NAR, there were 1.28
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Realty Biz
DECEMBER 18, 2021
Specific to real estate, inflation is going to drive both higher mortgage rates and higher property values. Even if the pace of construction picks up, new construction (supply) will be more expensive due to inflation. And it probably will be once the higher interest rates kick in.
Housing Wire
JANUARY 10, 2022
2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. for 30-year fixed-rate loans. for 30-year fixed-rate loans.
Housing Wire
NOVEMBER 1, 2022
Since 2008, major banks have pumped over $25 trillion into the global economy. 30-year fixed rate mortgages were at a historic 2.68% low as recently as December 2020 according to Freddie Mac , but skyrocketing property values pushed many frustrated buyers out of the market and into renting. Student Loan Debt.
Marco Santarelli
AUGUST 5, 2020
The positive forecast is that there is expected a short-term bump in sales for late summer and early fall due to pent up buyer demand, fear of the pandemic reducing, and low mortgage rates. The 30-year fixed-rate averaged 3.57% in the first quarter of 2020, down from 4.62% one year ago.
Marco Santarelli
SEPTEMBER 8, 2020
The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88% in the first week of August. The 15-year fixed-rate mortgage dropped to 2.44%.
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