Posted On Friday, 19 July 2024 11:30
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Posted On Friday, 19 July 2024 09:59
Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.77 percent. "The 30-year fixed-rate mortgage fell to its lowest level since mid-March, dropping 12 basis points from last week,” said Sam Khater, Freddie Mac’s Chief Economist. “Mortgage rates are headed in the right direction and the economy remains resilient, two positive incremental signs for the housing market. However, homebuyers have yet to respond to lower rates, as purchase application demand is still roughly 5 percent below Spring, when rates were approximately the same. This is not uncommon: sometimes as rates decline, demand weakens, and the apparent paradox is driven by buyers making sure rates don’t decline further before they decide to purchase.” News Facts The 30-year FRM averaged 6.77 percent as of July 18, 2024, down from last week when it averaged 6.89 percent. A year ago at…
Posted On Friday, 19 July 2024 06:22 Written by
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Posted On Thursday, 18 July 2024 12:04
Posted On Thursday, 18 July 2024 11:55
Posted On Thursday, 18 July 2024 11:39 Written by
Posted On Thursday, 18 July 2024 11:08
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Posted On Thursday, 18 July 2024 10:35
Posted On Thursday, 18 July 2024 10:24
Posted On Thursday, 18 July 2024 10:03
Mortgage rates dropped to their lowest level since February after the latest CPI report showed inflation cooling. Still, pending home sales posted their biggest decline in eight months The typical U.S. homebuyer’s monthly housing payment was $2,722 during the four weeks ending July 14, $115 lower than April’s all-time high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s despite home prices sitting just about $100 shy of last week’s record high. Daily average mortgage rates have dropped to their lowest level since February after last week’s cooler-than-expected inflation report, bringing homebuyers a bit of relief. A homebuyer on a $3,000 monthly budget can afford a $450,000 home with a 6.8% mortgage rate, roughly the daily average as of July 17. That buyer has gained about $25,000 in purchasing power since rates hit a five-month peak in April, when they could have bought a $425,000…
Posted On Thursday, 18 July 2024 06:47 Written by
It’s impossible to find a Realtor® today who doesn’t drive home the importance of curb appeal. An attractive and well-presented exterior can mean the difference between a house sale and a house that sits on the market gathering dust. Sadly, you can have a house with a beautiful interior that is never seen due to the negative assumption from agents and buyers based on the exterior presentation. It follows that improving the visual appearance of the exterior of your structure and property is one of the best investments you can make as a seller. According to the NAR, 63 percent of homebuyers will ask for a showing after viewing a house online. The first thing they will see, even in pictures, is the exterior of your house. They have viewed the listing online and are impressed enough to schedule a showing, so be sure what they see in person is…
Posted On Thursday, 18 July 2024 00:00 Written by
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