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Mortgage Rates Just Hit a 4-Month Low, but Do Homebuyers Even Notice—or Care?

Realtor.com

Getty Images Mortgage rates are down again this week, which means things are looking up for homebuyers. The average rate for a 30-year fixed-rate mortgage ticked down 2 basis points to 6.13%, according to Freddie Mac , continuing a pattern of rates seesawing lower since topping 7% in the fall.

Mortgages 118
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Land of the First Boardwalk: Down Payment Assistance in New Jersey

HomeLight

To find local market information in each New Jersey county, check out the Fast Stats page on the New Jersey Realtors website. You’ll find up-to-date information on new listings, days on market, median sales prices, housing inventory, and more. The full cost of the loan must be repaid. Matched savings grants.

Land 90
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Orlando Real Estate Market & Investment Overview 2020

Marco Santarelli

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%. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 126
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Naples Real Estate Market & Investment Overview 2020

Marco Santarelli

Average days on market. 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. Single-family inventory.

Marketing 105
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Phoenix Real Estate Market & Investment Overview 2020

Marco Santarelli

Days on market were down -8 days year-over-year while month-over-month were down -1 days. Phoenix Real Estate Market Forecast 2020 – 2021. What are the Phoenix real estate market predictions for 2020? The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%.

Marketing 135
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Las Vegas Real Estate Market 2020 Overview

Marco Santarelli

The market is currently cool – It is the right time to buy a property. The average days on market is 91. Las Vegas rental real estate market remains healthy and affordable for most renters. As the job market and personal credit improved, the area is back to having around 19% of residents rent.

Marketing 128
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

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. Days on market (DOM).