Listings up but sales down as buyers eye lower mortgage rates ahead Signed purchase agreements fell 4.2%; new listings up 7.2% The median sales price increased 2.7% to $385,000 Market times rose 24.1% to 36 days; inventory up 11.4% to … Continue reading
August 15, 2024 While rates increased slightly this week, they remain more than half a percent lower than the same time last year. In 2023, the 30-year fixed-rate mortgage nearly hit 8 percent, slamming the brakes on the housing market. … Continue reading
For Week Ending August 3, 2024 The average rate on a 30-year mortgage fell to 6.73% the week ending August 1, 2024, the lowest level since early February, according to Freddie Mac. As a result, mortgage applications increased 6.9% on … Continue reading
August 8, 2024 Mortgage rates plunged this week to their lowest level in over a year following the likely overreaction to a less than favorable employment report and financial market turbulence for an economy that remains on solid footing. The … Continue reading
For Week Ending July 27, 2024 According to ATTOM’s Q2 2024 U.S. Home Affordability Report, median priced single-family homes and condos were less affordable compared to historical averages in 99% of counties nationwide in the second quarter of the year. … Continue reading
August 1, 2024 Mortgage rates declined to their lowest level since early February. Expectations of a Fed rate cut coupled with signs of cooling inflation bode well for the market, but apprehension in consumer confidence may prevent an immediate uptick … Continue reading
