Housing boom may be cooling, mortgage demand drops again.
KEY POINTS The average interest rate for 30-year fixed-rate mortgages decreased to 3.17% from 3.18% last week, but the Mortgage Bankers Association said applications for a mortgage to purchase a home fell 3% and were 2% lower than the same week a year ago. “Tight housing inventory, obstacles to a faster rate of new construction, […]
COVID-19 Property Showing Rules
Did you know that a recent survey during the COVID pandemic showed 68% of homeowners trust that their real estate agent is more valuable than three months ago? Buyers & sellers rely upon their agent to put them in contact with other professions while guiding the activities around their purchase & sale. The real estate […]
Mortgage Rates Hit All-Time Low at 3.23%
Time to buy! 15-year mortgages 2.77% The pandemic-slowed economy pushed the average 30-year mortgage rate to its lowest point in at least 50 years – since Freddie Mac started tracking rates in 1971. The size and depth of the secondary mortgage market is helping keep rates at low records, Freddie Mac says. Today’s low rates […]
Zero interest rates-prepare your finances now!
Zero-interest rates: 5 ways to prepare your finances now… The Federal Reserve has taken interest rates all the way down to zero in its second emergency cut of March, as part of its massive effort to mitigate the impacts of the novel coronavirus on the U.S. economy. “Desperate times call for desperate measures and the […]
Is the Luxury Market in A Decline?
Trends indicate that predictions for a decline in the luxury market during 2018 remain unfounded. Early predictions of the 2018 luxury housing market indicated a possible decline in the number of sales and the sales price of homes across North America due to a number of factors, including fewer investments from wealthy, international buyers. However, […]