Instant Reaction: Mortgage Rates, February 8, 2024
For the eighth week in a row, there has been overall stability for the 30-year fixed mortgage interest rate. Today, mortgage interest rates averaged 6.64% for the week. At the beginning of the week, the 10-year treasury moved higher, now at 4.1%, providing conjecture that the 30-year mortgage intere
More Than 85% of Metro Areas Registered Home Price Increases in Fourth Quarter of 2023
Key Highlights Single-family existing-home sales prices climbed in 86% of measured metro areas – 189 of 221 – in the fourth quarter, up from 82% in the previous quarter. The national median single-family existing-home price rose 3.5% from a year ago to $391,700. The monthly mortgage payment on a typ
Buyers of New Homes Want Real Estate Agent Representation
Many real estate professionals have their niche and specialty. In fact, for REALTORS® who have been in the business for 16 years or more, 43% of their business is repeat business from past consumers or clients, and 30% is through referrals from past clients. Some may find themselves working with int
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