Mortgage
Instant Reaction: Mortgage Rates, February 1, 2024
Mortgage interest rates ticked down slightly this week to 6.63% from 6.69% the previous week, down considerably from October 2023. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, December 14, 2023
The Fed indicated yesterday that they will hold the Fed Funds Rate steady for now and cut rates three times in 2024; NAR forecasts that mortgage interest rates will average 6.3% in 2024. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, November 30, 2023
Mortgage interest rates dropped again to 7.22% from 7.29% last week; the drop from the October peak of 7.79% translates into a $ 125-a-month savings on a $ 400,000 mortgage. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, November 16, 2023
The three-week drop in mortgage rates is a steady sign that they have likely hit a peak and are headed down. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, October 5, 2023
The 30-year fixed mortgage interest rate now sits at 7.49% as of October 5, 2023, up from 7.31% last week. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, September 07, 2023
Mortgage interest rates eased this week from 7.18% to 7.12%. Although this is the fourth week above 7%, demand is still active in the housing market despite higher rates. www.nar.realtor – Research
How Mortgage Pre-Approvals Work
An essential part of the home-buying process is getting pre-approved for a mortgage. When your lender has checked your finances, they will issue a pre-approval letter. You can use this letter to show sellers you are a serious buyer when you make an offer. A common question among buyers is how long it takes to… […]
6 Compelling Reasons to Boost Your Mortgage IQ
Agents with a rich understanding of mortgage finance have countless opportunities to deliver more value to their buyer-clients and gain a competitive edge. After all, a mortgage is the most complicated but essential aspect of most buyers’ transactions. Additionally, surveys from the National Association of REALTORS® have repeatedly found that over 90% of buyers count… […]
Instant Reaction: Mortgage Rates, August 17, 2023
Mortgage interest rates are now officially above 7%, hitting 7.09% this week, up from 6.96% the prior week, and is the highest rate in more than 20 years. www.nar.realtor – Research