Freddie Mac reports that the average 30-yr fixed mortgage rate was 4.41% this week, down from 4.51% last. To obtain that rate, a borrower would have to pay 0.7 in points and fees.
- Homes Across the Country Are Selling Fast [INFOGRAPHIC]Some Highlights Buyers are actively searching for and purchasing homes at a record-breaking pace. According to the latest report from the National Association of Realtors (NAR), in July, 68% of homes were on the market for less than a month. With homes moving from listing day to pending sale in an average of just 22 days, it’s a great time to sell a house. L […]
- How Low Inventory May Impact the Housing Market This FallReal estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale. Buyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low interest rates, but […]
- The Surging Real Estate Market Continues to ClimbEarlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following: Housing Demand – Growth in online search activity Home […]
- Homes Across the Country Are Selling Fast [INFOGRAPHIC]