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Mortgage rates continue trending down before Christmas

Housing Wire

Meanwhile, HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 6.68% on Thursday. A rise in homebuilder confidence , followed by new home construction reaching its highest level since May, signals a response to meet heightened demand as current inventory remains low.”

Mortgages 489
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US housing market is now worth a record $52 trillion: Zillow

Housing Wire

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. Fueling this increase is new construction, according to Divounguy, even though the 1.3% Over the past year, the value of the U.S.

Marketing 499
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Transform your real estate career overnight in 8 easy steps

Housing Wire

Call your MLS to set up a custom ‘daily hotsheet’ for those areas and review the report daily. Is there new construction in your market? What are builders in your market offering regarding mortgage loans? Tour new construction models and get a feel for pricing on each product for each builder.

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Mortgage rates reach their 2023 peak

Housing Wire

The Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 6, up significantly from last week ’s 6.71%. “Homebuyers have had to accept the ‘new normal’ of rates around 6.5% jobs market remains strong with U.S.

Mortgages 376
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Top 10 ways to get homebuyers to work with you

Housing Wire

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. Make sure your buyers understand the difference between being prequalified, preapproved and loan-committed.

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Mortgage rates rise again, but look poised to drop in the fall

Housing Wire

Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.96% as of August 10, up from last week ’s 6.90%. Yun was pleased to see deceleration in the rent component, which contributed to pulling down the key core CPI in July.

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5 ways to provide overwhelming value to buyer clients

Housing Wire

Be more creative in your MLS searches. Loop your buyer’s lender into the mix and have coffee with your buyer clients and the loan officer to discuss loan options that meet their goals. It’s YOUR job, not theirs to find the right home for their needs. Drill down on their needs and get out there and find it for them.