Realty Biz

FEBRUARY 21, 2021

According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage was 2.74% in January, up from 2.68% in December. The average commitment rate across all of 2020 was 3.11%. Lack of access to mortgage loans continues to inhibit further growth of the existing condominium market.

Sales 90

Sales Short sale FHA loan Fixed-rate mortgage 90

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. Miami Distressed Sales Remain Low, Reflecting Healthy Market Only 1.3%

Sales 92

Sales Short sale Fixed-rate mortgage Banks 92

Realty Biz

MARCH 21, 2023

Home sales are sensitive to mortgage rate changes and homebuyers are taking advantage of any rate declines. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage is 6.60% as of March 16. In 2009, distressed sales comprised 70% of Miami's sales.

Sales 100

Sales MLS Short sale Residential 100

Realty Biz

DECEMBER 26, 2022

While the Fed doesn’t set mortgage rates, it affects them through its conduct of monetary policy. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage averaged 6.31% as of December 15. billion of South Florida residential properties in 2022, up 34% from $5.1

Sales 92

Sales Short sale Residential Mortgages 92

Marco Santarelli

APRIL 27, 2025

High Mortgage Rates Are the Big Story: As of mid-April 2025, the average 30-year fixed-rate mortgage was hovering around 6.83% , according to Freddie Mac data mentioned in the report. a year prior, it's still historically high compared to the ultra-low rates we saw a few years ago.

Finance 52

Finance Loans Inspection Closing 52

Marco Santarelli

JULY 11, 2022

Prices are increasing as a result of enough money on the sidelines and very low mortgage rates. The improving economy and the approaching peak homebuying years of millennials are driving a residential housing boom. The sale of properties valued between $750,000 and $1,000,000 increased by 26%. million in May, down 3.6%

Sales 98

Sales Marketing Fixed-rate mortgage Mortgages 98

Marco Santarelli

SEPTEMBER 5, 2020

Particularly, previously-owned single-family houses compromise the majority of residential sales in the Arizona real estate market- approximately 80% of all sales. Annually, the number of previously-owned single-family homes are three to four times greater than new single-family home sales. Short sales dropped -38.1%

Marketing 135

Marketing Purchase and sale agreement Investor Sales 135