Mortgage rates took a tumble yesterday: Mortgage rates were already in great shape on Friday after having fallen to the lowest levels since November 2016. Rather than draw inspiration from the week's big ticket events (Fed announcement and jobs report), the biggest...
So we got the expected 1/4% from the Fed, and mortgage rates didn't move - it was priced in. What's worse is talk of another Fed cut is needed just to keep mortgage rates where they are today. From MND: That means, all other things being equal, if the Fed were to say...
As long as everything stays rosy, we'll be fine...... The housing market has been looking slightly better over the last few month and Freddie Mac July economic report reflects that fact. They also maintain a fairly rosy picture of the economy as a whole. They note...
Good golly mortgage rates are at mid-to-high 3s and the lowest in the last 12 months. If sales don't ignite then the list prices are way out of wack! http://www.mortgagenewsdaily.com/consumer_rates/913853.aspx Mortgage rates plunged today as the bond market extended...
The market usually feels some impact this time of year from the graduation season, and it's understandable. People who have kids, or anybody who is related to people with kids in eighth grade, twelfth grade or seniors in college will be distracted for a few days. And...
Last year's selling season was a little bumpy but was solid through May - and then dropped off once we got into summer and rates started rising. The wait-and-see pattern kicked in as 2019 opened, but with rates having eased, we're on our way now. If mortgage rates...
Add at least 1% to the cost if you want a rate in the high-3s: Mortgage rates spiked quickly today, capping a 3-day run leading back up from the lowest levels in more than a year. Today's move was by far the biggest and it leaves the average lender offering rates...
Sellers - get on the market!!!!! Mortgage rates moved lower for the 6th straight day, bringing them very close to the best levels since late 2017. Perhaps more impressive (or telling) is the fact that rates haven't even had a single "bad day" since March...
Mortgage rates have continued their slide, and lenders should be offering fixed-rate loans with rates starting in the threes again, with little or no points! The new pendings are flowing, but we still haven't seen a flood of new listings: NSDCC Detached-Home Listings...
Mortgage rates are improving nicely, and at the right time of year! We should see more market surge over the next couple of weeks. I mis-spoke on the video yesterday when I said the median sales price is $561,000 - it's $591,400. But still well under our neighbors to...
