The market usually feels some impact this time of year from the graduation season, and it's understandable. People who have kids, or anybody who is related to people with kids in eighth grade, twelfth grade or seniors in college will be distracted for a few days. And...
Last year's selling season was a little bumpy but was solid through May - and then dropped off once we got into summer and rates started rising. The wait-and-see pattern kicked in as 2019 opened, but with rates having eased, we're on our way now. If mortgage rates...
Add at least 1% to the cost if you want a rate in the high-3s: Mortgage rates spiked quickly today, capping a 3-day run leading back up from the lowest levels in more than a year. Today's move was by far the biggest and it leaves the average lender offering rates...
Sellers - get on the market!!!!! Mortgage rates moved lower for the 6th straight day, bringing them very close to the best levels since late 2017. Perhaps more impressive (or telling) is the fact that rates haven't even had a single "bad day" since March...
Mortgage rates have continued their slide, and lenders should be offering fixed-rate loans with rates starting in the threes again, with little or no points! The new pendings are flowing, but we still haven't seen a flood of new listings: NSDCC Detached-Home Listings...
Mortgage rates are improving nicely, and at the right time of year! We should see more market surge over the next couple of weeks. I mis-spoke on the video yesterday when I said the median sales price is $561,000 - it's $591,400. But still well under our neighbors to...
Unless we get a bump, rates today should officially be LOWER year-over-year for the first time since November 2016. Jumbo rate is 4.30%, no points:
It sounds like mortgage rates will be rangebound for the foreseeable future, which is good for buyers - but not necessarily for sellers. Without the threat of rates going higher, buyers will be even more patient: From MND: It's true that markets...
Does weather affect home sales? Yes, buyers don't mind the distraction when the market is uncertain! But now that the holidays are over, the Chargers are done, more houses are coming to market, and mortgage rates are a half-point lower than they were three months ago,...
What's it going to take to get the real estate market going? You could say that sales and pricing were at full speed between 2013 and 2017. What's the common denominator? Low mortgage rates. In the graph above, it's apparent there's been rate-tolerance up to the 4.2%...
