Toronto Realty Blog

JANUARY 13, 2021

I’m looking at one now that’s coming onto the market on Thursday as well as one that was on the market last year and did not sell. I currently have a five-year, fixed-rate mortgage approved at 1.30%. That is a little more than one-quarter of my first mortgage rate back in 2005.

Sales 96

Sales Pre-approval Fixed-rate mortgage MLS 96

Marco Santarelli

JULY 23, 2024

This is the highest level of inventory in over four years, indicating a gradual shift from a seller's market to a more balanced one. Market Behavior and Buyer Trends Days on Market Properties typically stayed on the market for 22 days in June, slightly down from 24 days in May but longer than the 18 days observed in June 2023.

Sales 52

Sales Marketing Fixed-rate mortgage Mortgages 52

Broke Agent Media

MAY 23, 2023

Seventy-three percent of existing homes sold in April spend less than a month on the market. Individual investors or second-home buyers , who are responsible for many of those all-cash sales, bought 17% of the homes sold in April, identical to the previous month and to April 2022. Total housing inventory , at the end of April, was 1.04

Sales 52

Sales Fixed-rate mortgage Days on market Short sale 52

The Close

DECEMBER 5, 2024

Plus, interest rates on different types of financing can vary drastically. For example, as of November 2024, the average interest rate on a conventional 30-year fixed-rate mortgage is 6.78%. Hard money loans usually have much higher interest rates, often around 10% to 18%. of the purchase price.

House Flipping 98

House Flipping Renovation Closing costs Hard money loan 98

Marco Santarelli

SEPTEMBER 5, 2020

Days on market were down -8 days year-over-year while month-over-month were down -1 days. Phoenix Real Estate Market Forecast 2020 – 2021. What are the Phoenix real estate market predictions for 2020? The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%.

Marketing 135

Marketing Purchase and sale agreement Investor Sales 135

Realtor.com

FEBRUARY 3, 2023

Getty Images Mortgage rates have dropped yet again—could this spell an opportunity for homebuyers? The average interest rate for a 30-year fixed-rate home loan fell to 6.09% for the week ending Feb. 2, according to Freddie Mac.

Mortgages 91

Mortgages Sales Marketing Loans 91

Marco Santarelli

AUGUST 18, 2022

Days on Market decreased 5.9 The housing affordability index, calculated by the NHAR, measures whether a median household earns enough to qualify for a 30-year fixed rate mortgage to purchase a median-priced single-family home, assuming a down payment of 20 percent, without paying more than 25 percent in principal and interest.

Marketing 52

Marketing Fixed-rate mortgage Sales Days on market 52

Marco Santarelli

AUGUST 2, 2020

Home sales in the NYC housing market were down 46 percent from last year's June. Median Days on Market were 84 which was 6 days faster than last year. With the phased opening of the economy, buyers have been quicker to return to the housing market. percent on a 30-year fixed-rate mortgage.

Marketing 142

Marketing Sales Pre-approval As-is 142

Marco Santarelli

AUGUST 27, 2020

The market is currently cool – It is the right time to buy a property. The average days on market is 91. Las Vegas rental real estate market remains healthy and affordable for most renters. If you’re planning to buy in Nevada, the most common type of home loan is a 30-year fixed-rate mortgage.

Marketing 128

Marketing Purchase and sale agreement Investor Sales 128

HomeLight

NOVEMBER 29, 2021

To find local market information in each New Jersey county, check out the Fast Stats page on the New Jersey Realtors website. You’ll find up-to-date information on new listings, days on market, median sales prices, housing inventory, and more. Veterans Administration loans.

Land 110

Land Closing costs Purchase and sale agreement Loans 110

HomeLight

JANUARY 27, 2021

With fixed-rate interest, your rate remains the same over the life of the loan, which means every mortgage payment you make will be the same amount for the entire loan term (in the beginning, these payments will cover mostly interest, but you’ll start paying down the principal after a few years). Adjustable-rate interest.

Closing costs 119

Closing costs Inspection Loans Earnest money deposit 119

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

SEPTEMBER 8, 2020

Average days on market. 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. Single-family inventory.

Marketing 105

Marketing Purchase and sale agreement Investor Closing 105

Realty Biz

JUNE 24, 2022

“Although top sales marks are still being achieved, higher rates are starting to restore balance to the market. Look for fewer bidding wars, more days on market, and a cooling of the growth rate of pricing in the months ahead.”. The average commitment rate across all of 2021 was 2.96%.

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

The Close

DECEMBER 29, 2022

It’s kind of like a fixed-rate mortgage and an adjustable-rate mortgage had a baby. A convertible ARM is a mortgage with a much lower interest rate at the start of the loan, where the interest rate fluctuates during the life of the loan, usually every six months. Days on market (DOM).

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98

Marco Santarelli

FEBRUARY 7, 2025

Tariffs often lead to inflation, which can then drive up interest rates, including mortgage rates. According to Freddie Mac , the average rate on a 30-year fixed-rate mortgage dipped to 6.89% for the week ending January 30th. This is a welcome decrease from the previous week's 6.95%.

Mortgages 52

Mortgages Fixed-rate mortgage Closing Loans 52

Marco Santarelli

FEBRUARY 7, 2025

Tariffs often lead to inflation, which can then drive up interest rates, including mortgage rates. According to Freddie Mac , the average rate on a 30-year fixed-rate mortgage dipped to 6.89% for the week ending January 30th. This is a welcome decrease from the previous week's 6.95%.

Mortgages 52

Mortgages Fixed-rate mortgage Closing Loans 52