Realty Biz

APRIL 19, 2024

The 30-year fixed-rate mortgage rate was at 6.6 Bank Rates report the same declining trend in home prices. Bank Rates report the same declining trend in home prices. Looking at Bank Rates, we notice different median home prices, yet the tendency remains the same.

Marketing 89

Marketing Fixed-rate mortgage Construction Residential 89

Realty Biz

MAY 21, 2023

year-over-year in April 2023, from a historic 3,445 transactions in April 2022 to 2,222 in April 2023, because of rising mortgage rates, the recent banking crisis and lack of supply in certain price points. Rates on March 1, 2022 were 3.90%. Home sales are sensitive to mortgage rate changes.

Sales 92

Sales Short sale Fixed-rate mortgage Banks 92

Marco Santarelli

AUGUST 5, 2020

The positive forecast is that there is expected a short-term bump in sales for late summer and early fall due to pent up buyer demand, fear of the pandemic reducing, and low mortgage rates. The 30-year fixed-rate averaged 3.57% in the first quarter of 2020, down from 4.62% one year ago.

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Marketing Fixed-rate mortgage Sales Mortgages 145

Realty Biz

DECEMBER 18, 2021

Specific to real estate, inflation is going to drive both higher mortgage rates and higher property values. Even if the pace of construction picks up, new construction (supply) will be more expensive due to inflation. And it probably will be once the higher interest rates kick in.

Fixed-rate mortgage 80

Fixed-rate mortgage Investor Mortgages Construction 80

Marco Santarelli

NOVEMBER 1, 2023

Their message highlighted a concerning fact – mortgage interest rates have surged to a 23-year high, dragging down application activity to levels last witnessed in 1996. The Federal Reserve's aggressive stance on interest rate hikes has raised concerns that a housing market recession akin to the 1980s could be in the making.

Marketing 52

Marketing Fixed-rate mortgage Construction Residential 52

Realty Biz

MARCH 21, 2023

Home sales are sensitive to mortgage rate changes and homebuyers are taking advantage of any rate declines. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage is 6.60% as of March 16. Miami Real Estate Posts $190.4 Condo dollar volume decreased 49.5%

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Sales MLS Short sale Residential 100

Realty Biz

DECEMBER 26, 2022

While the Fed doesn’t set mortgage rates, it affects them through its conduct of monetary policy. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage averaged 6.31% as of December 15. That's down from 6.33% last week, but up from 3.12% one year ago.

Sales 92

Sales Short sale Residential Mortgages 92

Marco Santarelli

SEPTEMBER 5, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%. year-over-year.

Marketing 135

Marketing Purchase and sale agreement Investor Sales 135

Marco Santarelli

SEPTEMBER 8, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88% in the first week of August. The 15-year fixed-rate mortgage dropped to 2.44%.

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Marketing Purchase and sale agreement Investor Closing 105

Realty Biz

JUNE 24, 2022

On the same $300,000 mortgage, the monthly payment has risen from $1265 in December to $1800 today, according to NAR. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage was 5.23% in May, up from 4.98% in April. The mortgage rate is projected to land at 5.3%

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

Marco Santarelli

SEPTEMBER 7, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 126

Marketing Investor Sales As-is 126

Marco Santarelli

AUGUST 27, 2020

Many variables could potentially impact the value of a home in Las Vegas in 2020 (or any other market) such as big changes in the distressed, new-construction, or luxury home segments. Unlike some areas, the Las Vegas housing market isn’t going to see a sharp decline in rents due to new construction.

Marketing 128

Marketing Purchase and sale agreement Investor Sales 128

Marco Santarelli

JULY 30, 2020

Last week, the average rate on 30-year fixed-rate mortgages dipped below 3% for the first time on record and this week stood at 3.01%, down from 3.75% a year ago, according to Freddie Mac. That’s five times the average rate for Los Angeles County. In distressed neighborhoods, fix and flip may be an option.

Marketing 139

Marketing Investor Sales As-is 139

Housing Wire

JUNE 5, 2024

Is there new construction in your market? Know mortgages You don’t have to know what your favorite loan originator does, but you do need to know enough to advise your clients about different types of loans and which lenders may be the best match for them. What are the adjustable rate mortgage rates?

Pre-approval 446

Pre-approval New Construction Fixed-rate mortgage Loans 446

Toronto Realty Blog

SEPTEMBER 19, 2024

TD Bank doesn’t charge the 25 basis-point premium, and their rates are very competitive, but they insist on a 75% loan-to-value. Not only that, I can’t recall the last time we had this level of: a) uncertainty, b) confusion, in the mortgage market. It was a very interesting observation, but it really made me think.

Mortgages 103

Mortgages Fixed-rate mortgage Marketing Banks 103

Marco Santarelli

AUGUST 2, 2020

It seems they want to cash in on the opportunity to purchase their favorite properties amid a historically low-interest rate of 3.3 percent on a 30-year fixed-rate mortgage. There are currently 33,614 homes for sale and 35,759 apartments & homes for rent in New York, NY on Realtor.com , a real estate listings website.

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Marketing Sales Pre-approval As-is 142