Rent, Buy & Sell
JANUARY 20, 2023
Foreclosures and short sales may be enticing due to low offer prices, but they carry some risks and potentially higher costs. Shop around for the best mortgage rates. Rates Are Lower Along with falling home prices, recessions tend to bring falling mortgage rates.
RIS Media
OCTOBER 5, 2021
. “The same data also shows that borrowers with strong equity stakes are more than 40% less likely to face the involuntary liquidation of their homes than borrowers with weaker equity positions, limiting both potential losses on such mortgages and distressed inflow into the housing market. ” said Graboske. It now requires 21.6%
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Marco Santarelli
JULY 23, 2022
Due to the crash, there may also be short sales and foreclosures, offering you the opportunity to acquire a deal. Many homebuyers may feel that obtaining a mortgage is too risky. Recessions are temporary pauses in an otherwise booming economy, but they have an impact on the housing market and interest rates. recessions.
Broke Agent Media
MARCH 22, 2023
28% of transactions in February were all-cash sales —down from 29% the previous month but up from 25% a year ago. 18% of homes sold in February were purchased by individual real estate investors or second-home buyers —who are responsible for many of those all-cash sales—up from 16% the previous month but down from 19% a year ago.
RIS Media
DECEMBER 22, 2020
Industry insiders in attendance agreed that mortgage rates will hover around 3% in the coming year, and said they expect an annual median home price increase of 8.0%. Housing affordability, which had greatly benefitted from falling mortgage rates, are now being challenged due to record-high home prices,” Yun said.
Realty Biz
SEPTEMBER 23, 2021
According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage was 2.84% in August, down from 2.87% in July. The average commitment rate across all of 2020 was 3.11%. NAR Chief Economist Lawrence Yun expects the 30-year fixed-rate mortgage to remain below 3.5%
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. month supply at the current sales pace, up from 2.6
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