The 30-year fixed-rate mortgage (FRM) averaged 6.73 percent as of August 1, 2024, down from last week when it averaged 6.78 percent, according to the Primary Mortgage Market Survey® by Freddie Mac. A year ago at this time, the 30-year […]
Real Estate News
Articles Tagged: Mortgage Interest Rates
Should you still buy a home with the latest news about inflation?
While the Federal Reserve is working to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8 percent. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the […]
The latest on housing supply and demand
Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph […]
Perspective matters when selling your house today
Does the latest news about the housing market have you questioning your plans to sell your house? If so, perspective is key. Here are some of the ways a trusted real estate professional can explain the shift that’s happening today and why it’s […]
4 things that help determine your mortgage rate
If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the housing market saw record-low mortgage rates, but this […]
What experts are saying about the Fall housing market
The housing market is rapidly changing from the peak frenzy it saw over the past two years. That means you probably have questions about what your best move is if you’re thinking of buying or selling this fall. To help you make a confident decision, lean […]
Two questions every homebuyer should ask themselves right now
Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if […]
The cost of waiting for mortgage rates to fall
Mortgage rates have increased significantly in recent weeks. And that may mean you have questions about what this means for you if you’re planning to buy a home. Here’s some information that can help you make an informed decision when you set […]
An expert can help you understand inflation, mortgage rates
If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one. Inflation and the housing market This year, inflation reached a high not seen in forty years. […]
3 things buyers can do in today’s housing market
It’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home. “Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, […]
