by Rose Lopez | Dec 21, 2022 | Real Estate
As inflation appears to have peaked, borrowing costs are starting to stabilize. Mortgage rates appear to be settling in the 5% range after recent dramatic climbs that shocked home buyers. The 30-year fixed-rate mortgage averaged 5.13% this week, down slightly from its...
by Rose Lopez | Dec 21, 2022 | Real Estate
As any real estate agent knows, leads are the lifeblood to success. This is why it is no secret that a high percentage of most agents’ time is dedicated to uncovering possible leads via as many conduits as possible. That being said, all leads are not created equal....
by Rose Lopez | Dec 21, 2022 | Real Estate
KEY POINTS The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.65% from 5.45%. “Last week’s purchase results varied, with conventional applications declining 2% and government applications...
by Rose Lopez | Dec 21, 2022 | Real Estate
Mortgage rates continued inching up this week, nearing a threshold that would bring the average American household to a financial tipping point, warns Nadia Evangelou, senior economist and director of forecasting for the National Association of REALTORS®. The 30-year...
by Rose Lopez | Dec 21, 2022 | Real Estate
The news has not been great for first-time homebuyers lately. True, just about every type of buyer has woeful stories to tell about today’s stressed housing market, but first-timers? They have found themselves in an unfortunate league of their own. The reason:...
