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...
Girls Just Wanna Have EquityAs we celebrate Women's History Month, don't forget to celebrate the rise in home ownership achieved by women through the years. Last year, this number surpassed 52%, which outpaced that of single men by around 2%.Over the last 30 years,...
Reasons for Buyer Remorse...and How to Prevent ItEven though the 2022 real estate market was challenging due to low inventory and rising mortgage rates, it didn't stop thousands of moves. While there are plenty of happy new home owners, many felt that they didn't make...
HUD Announces Cheaper FHA Mortgage Insurance PremiumsHere's some good news for your prospective buyers, especially those worried about affordability.Recently, the Department of Housing and Urban Development (HUD) announced a 30-basis point reduction to the annual...
Expect a Calmer Spring Housing MarketWhile there will be competition for move-in ready homes with 2023 prices, you may not see the same crowds that packed open houses in 2021 and 2022.The main reason: mortgage interest rates that are currently hovering at 6-7%....
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