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Housing Wire
JANUARY 10, 2022
The Federal Reserve has announced plans to gradually “taper” its supportive monetary policy: Net acquisitions of agency mortgage-backed securities are expected to cease by the end of March and the Federal Open Market Committee has signaled possibly three 25-basis point increases in the federal funds target by yearend 2022.
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%
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Realty Biz
MARCH 21, 2023
Home sales are sensitive to mortgage rate changes and homebuyers are taking advantage of any rate declines. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage is 6.60% as of March 16. In 2009, distressed sales comprised 70% of Miami's sales.
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
On the same $300,000 mortgage, the monthly payment has risen from $1265 in December to $1800 today, according to NAR. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage was 5.23% in May, up from 4.98% in April. The mortgage rate is projected to land at 5.3%
Marco Santarelli
AUGUST 5, 2020
Before the pandemic hit the nation the supply of new housing was failing to keep up with demand. Social-distancing requirements are also likely to hold construction back in the coming months. The 30-year fixed-rate averaged 3.57% in the first quarter of 2020, down from 4.62% one year ago. million in June, up 19.9%
Marco Santarelli
AUGUST 27, 2020
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. of all sales one year ago, 4.3%
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