Home Purchases, Mortgage Applications on The RiseDuring the last week of April, the average interest rate for 30-year fixed-rate conforming loans increased to 6.55% from 6.43%.However, loan applications rose 5% during the same week. The recent softening in house...
Home Sales Head SouthSales of existing homes fell 2.4% in March as more buyers wait for lower mortgage rates.This was after home sales increased in February 2023, which was the first increase in a year. Sales fell in the West, Midwest and Southern regions, but were...
Do You Always Speak Your Clients' Language?Have you ever read through a doctor's notes after a visit, or listened to your dentist dictate the state of your teeth to an assistant during a checkup? Chances are you didn't know what on earth they were talking about.If...
Direct Successful Video MeetingsSales that involve long-distance transactions have increased, so more agents are arranging video meetings with buyers, sellers and other involved parties. Common topics include contingencies, pricing, and closing and move-in dates. It's...
Home Prices Rise in the Midwest, FloridaUnexpectedly strong home sales at the start of this year reversed a sharp decline in home prices. Unpredictable mortgage rates are a main factor, cooling off from last fall's 7% and higher rates.Home prices nationally rose 0.16%...
March Mortgage Rates Head SouthWhile volatility within the banking sector rattled some nerves, there was a silver lining for home buyers: lower mortgage interest rates.According to Freddie Mac, rates for 30-year, fixed-rate mortgages fell from 6.73% to 6.6% during the...
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