Tag Archive: buyers

May 23

Why Have Interest rates Jumped to a 7-Year High?

Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors. Sam Khater, Freddie Mac’s Chief Economist, had this to say: “Healthy consumer spending and higher commodity prices …

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May 08

The perfect day to sell your home is

    Well, if you are looking to sell a house, that is. According to a recent report from ATTOM Data Solutions, across the country, homes sold on June 28 offered, on average, a premium of 9.1 percent for sellers. The median home sale price was $204,000, compared to an estimated value of $187,000. Interestingly, the …

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May 08

Buyers Bidding Wars

Buyers Bidding Wars result in a busy real estate market. Rising interest rates, a demand for housing in challenged markets and a whole lot of buyers—that’s the recipe for a busy market being overtaken by bidding wars. But where are the largest battles being fought? According to a recent realtor.com® report, Akron, Ohio, and Worcester, Mass., …

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Mar 26

Interest Rates rising…Does Not lead to Falling Home Prices??

Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year. Many believe that an increase in mortgage rates …

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