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Why industry experts don’t expect mortgage rates to fall

Housing Wire

And with Fed rates expected to rise even further, industry experts and economists don’t expect mortgage rates to stabilize for at least another year. Mortgage rates , which are currently near a 22-year high, declined slightly from last week ahead of the Fed’s sixth rate hike announcement.

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Real estate agents wonder if inventory levels will ever return to ‘normal’

Housing Wire

HousingWire ’s lead analyst Logan Mohtashami added: “For almost 10 years now inventory has slowly been falling lower and lower because people get a house with a fixed rate mortgage and over time their income typically increases, but their shelter cost remains the same, so it becomes a really good deal for them.

Agents 393
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Mortgage Rate Drop Creates a Homebuying Window, but How Long Will It Last?

Realtor.com

Getty Images Mortgage rates have dropped yet again—could this spell an opportunity for homebuyers? The average interest rate for a 30-year fixed-rate home loan fell to 6.09% for the week ending Feb. This dip in mortgage rates, combined with plenty of homes on the market, adds up to a potential win for homebuyers.

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Real estate agents wonder if inventory levels will ever return to ‘normal’

Real Trends

HousingWire ’s lead analyst Logan Mohtashami added: “For almost 10 years now inventory has slowly been falling lower and lower because people get a house with a fixed rate mortgage and over time their income typically increases, but their shelter cost remains the same, so it becomes a really good deal for them.

Agents 104
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51 Brilliant Real Estate Tips for Buyers to Edge Past the Competition

HomeLight

Ready to hit the market, buy your dream home and conquer this whole homeownership thing? But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. Getting a mortgage can be a stressful and frustrating process. Paying mortgage insurance isn’t that big a deal.

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These Sales Tell Tales!

Toronto Realty Blog

I’m looking at one now that’s coming onto the market on Thursday as well as one that was on the market last year and did not sell. I currently have a five-year, fixed-rate mortgage approved at 1.30%. That is a little more than one-quarter of my first mortgage rate back in 2005.

Sales 69
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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.

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