Housing Wire

DECEMBER 20, 2023

Sales were subdued in 2023 because of high mortgage rates and a lack of inventory Overall, Lisa Sturtevant, chief economist at Bright MLS, expects to see 4.1 Higher rates and lack of resale inventory dampened the housing market in 2023. However, the 30-year fixed-rate mortgage fell below 7% for the first time since Aug.

Sales

Housing Wire

DECEMBER 14, 2023

Meanwhile, HousingWire’s Mortgage Rates Center showed Optimal Blue ’s average 30-year fixed rate on conventional loans at 6.9% In today’s market, about two-thirds of outstanding mortgages still feature rates below 4%, and over 90% feature rates lower than 6%. on Thursday.

Mortgages

Housing Wire

JANUARY 25, 2024

Mortgage rates stabilized in the past week but remain close to the narrow range observed since the start of this month. The 30-year fixed-rate mortgage averaged 6.69% as of Jan. 25, an increase from last week’s figure of 6.60%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages

Housing Wire

SEPTEMBER 7, 2023

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 7.12% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 5.89% a year ago at this time. 7, down from last week ’s 7.18%.

Mortgages

Housing Wire

AUGUST 10, 2023

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%. By contrast, the 30-year fixed-rate mortgage was at 5.22% a year ago at this time.

Fixed-rate mortgage

Housing Wire

JANUARY 19, 2024

“Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November. But we can’t blame high mortgage rates for the deficit in transactions last year.

Fixed-rate mortgage

Housing Wire

DECEMBER 23, 2022

The run-up in home prices was driven by rock-bottom mortgage rates and pandemic-fueled demand. As the pandemic took hold in the spring of 2020 and the Federal Reserve cut the federal funds rate to near zero, the average rate on a 30-year fixed-rate mortgage fell to below 3%, the lowest rate on record.

Marketing

Housing Wire

SEPTEMBER 20, 2023

range on Wednesday morning, according to interest rate traders. of these investors bet officials will freeze the rate hike at the November 1st meeting. On Monday, mortgage rates for 30-year fixed-rate mortgages were at 7.21%, according to HousingWire‘s Mortgage Rates Center.

Fixed-rate mortgage

Housing Wire

JULY 26, 2023

Bright MLS Chief Economist Lisa Sturtevant noted two weeks ago. Initially, higher rates did cool housing demand. Ahead of the Fed meeting, mortgage applications fell last week, recording the lowest index of purchase applications in over a month. However, at Mortgage News Daily , mortgage rates were higher, at 7.04%.

Fixed-rate mortgage

RIS Media

MARCH 9, 2022

Commenting on the latest statistical report from Northwest MLS, representatives of the service, which includes 2,500-member firm offices and 32,000 brokers, expressed optimism for the housing market as pandemic-related restrictions ease, but also uncertainty due to the global economic crisis around Russia’s invasion of Ukraine. “In

Purchase and sale agreement

Marco Santarelli

DECEMBER 2, 2023

Many people who are looking to buy a home in the US are wondering if they will ever see mortgage rates as low as 3% again. After all, just a year ago, the average 30-year fixed-rate mortgage was around 3.1% , according to Freddie Mac. But since then, mortgage rates have been steadily rising.

Mortgages

The Close

DECEMBER 5, 2024

Carrying costs typically include financing, utilities, homeowner’s association fees (HOA), insurance, and property taxes. Financing Financing costs are the fees associated with borrowing money to buy and renovate a home, which depend on which type of investment property financing you choose. of the purchase price.

House Flipping

HomeLight

JUNE 9, 2023

Step 5: Figure out how much you can afford Now that your finances are in preliminary shape, it’s time to start looking at a budget and price range for a home for yourself! The interest rate for fixed-rate mortgages does not change over the life of the loan. Always a good thing!)

Title

Toronto Realty Blog

SEPTEMBER 8, 2022

But let’s leave interest rates off the list, even though the Bank of Canada increased the overnight lending rate by 0.75% on Wednesday, because we knew that was going to happen. I want to talk about three things: trigger rates, variable vs. fixed spread, and alternative lenders. I’m trustworthy!

Marketing

Real Trends

AUGUST 19, 2022

In addition, mortgage rates are no longer in the high-2% to low-3% range, with the 30-year fixed-rate mortgage averaging 5.13% for the week ending August 19. In Pulliam’s market, the median home price has risen 46% in the past two years to $219,450, according to Redfin.

Agents

Marco Santarelli

MAY 10, 2024

Expert Predictions for 2024 A variety of forecasts from reputable sources provide insights into the expected mortgage rates trends in 2024 : Freddie Mac predicts that mortgage rates will remain above 6.5% The Mortgage Bankers Association (MBA) forecasts the 30-year fixed-rate mortgage to average 6.7%

Mortgages

Marco Santarelli

AUGUST 14, 2024

Interest Rate Predictions from Leading Economists According to Forbes' article , several economists have weighed in on the anticipated movements of interest rates this August and beyond: 1. Implications for Mortgage Rates With economists expressing cautious optimism, what does this mean for mortgage rates?

Fixed-rate mortgage

Marco Santarelli

JUNE 7, 2024

to 7.79% As you can see, rates have been hovering around the 7% mark for the past month, with a slight dip this past week. Mortgage Bankers Association: The trade group projects that mortgage rates will slide to 6.1% Fannie Mae: The government-sponsored enterprise expects that mortgage rates will dip to 6.5%

Mortgages

Toronto Realty Blog

SEPTEMBER 7, 2023

Checking out my MLS home page, I see over 100 new listings in C01 and C08, aka “downtown,” but still only 14 new listings in C09, C10, and C11, by comparison. Even if mortgage delinquencies doubled , we’d still only be back to 2019 levels. Tuesday was a fairly busy day for the market!

Marketing

Marco Santarelli

AUGUST 2, 2020

About 1 percent of Redfin customers waived either a financing or inspection contingency last month. It seems they want to cash in on the opportunity to purchase their favorite properties amid a historically low-interest rate of 3.3 percent on a 30-year fixed-rate mortgage. percent in May, from 6.1 months to 5.4.

Marketing

Marco Santarelli

JULY 31, 2024

Mortgage Rates Fall, But 2024 Housing Market Remains Sluggish According to the latest report from Freddie Mac, mortgage rates have experienced stability this month, decreasing nearly half a percent from their earlier high. This dip in rates, while welcome, has not translated into increased buying activity.

Mortgages

Housing Wire

JUNE 5, 2024

Focus on areas that are desirable, turn over at a reasonable rate, have low average days on the market, and a good average sale price. Call your MLS to set up a custom ‘daily hotsheet’ for those areas and review the report daily. Do the builders have special financing? What are the adjustable rate mortgage rates?

Pre-approval

The Close

DECEMBER 29, 2022

A short-term loan that covers the cost to build a property until the owner can secure long-term financing. It’s kind of like a fixed-rate mortgage and an adjustable-rate mortgage had a baby. But, unlike a traditional ARM, a borrower has the option to switch to a fixed-rate mortgage.

Purchase and sale agreement