Realty Biz

JUNE 24, 2022

On the same $300,000 mortgage, the monthly payment has risen from $1265 in December to $1800 today, according to NAR. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage was 5.23% in May, up from 4.98% in April. The mortgage rate is projected to land at 5.3%

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

Marco Santarelli

AUGUST 5, 2020

The 30-year fixed-rate averaged 3.57% in the first quarter of 2020, down from 4.62% one year ago. The average monthly mortgage payment on a 30-year fixed-rate mortgage with a 20% down payment was $995, down from $1,048 a year ago. The current 30-year fixed-rate is averaged 3.15%.

Marketing 145

Marketing Fixed-rate mortgage Sales Mortgages 145

Marco Santarelli

AUGUST 27, 2020

Many variables could potentially impact the value of a home in Las Vegas in 2020 (or any other market) such as big changes in the distressed, new-construction, or luxury home segments. The percent of Las Vegas homeowners underwater on their mortgage is 7.2%, which is higher than Las Vegas-Henderson-Paradise Metro at 7.1%.

Marketing 128

Marketing Purchase and sale agreement Investor Sales 128

Marco Santarelli

SEPTEMBER 5, 2020

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 135

Marketing Purchase and sale agreement Investor Sales 135