Homebuyers Showing ‘Some Resiliency’ to Higher Rates
Demand for purchase mortgages increases for the second week in a row, but borrowers are increasingly turning to adjustable-rate loans.
Posts Tagged ‘trends’
5 Ways to Write a Winning Offer in Today’s Real Estate Market
Fortunately, if you’re a buyer struggling to find a home, we have some good news. While it’s true that higher mortgage rates can decrease your purchasing budget, there are additional ways to compete in a hot market.
Read our March 15th Real News for Homebuyers Newsletter
Hickman-Coen Home Team March 15th, 2022 Real News for Homebuyers Lead story Lead Story: Boston-Area Renters Beware: Low Supply, High Prices Straining Market
Mortgage Rates Decline to 3.76% Amid the Ukraine Conflict.
The average 30-year-fixed rate mortgage declined to 3.76% for the week ending March 3, down from 3.89% in the previous week, amid the geopolitical tensions caused by Russia’s war in Ukraine, according to the latest Freddie Mac PMMS Mortgage Survey.
Living the Dream: This Cape Cod Town is One of the Top Luxury Markets in the Country
Cape Cod may be frigid this time of year, but its real estate market is one of the hottest in the country. The famous New England vacation destination is home to one of the most desirable luxury real estate markets in the United States, a report released at Realtor.com
Fixed Rates for 30-Year Loans Continue Their Upward Climb
Freddie Mac released its latest Primary Mortgage Market Survey (PMMS), which showed a notable uptick, as the 30-year fixed-rate mortgage (FRM) averaged 3.69%. This upward climb reignites flat movement over three weeks prior.
New Home Supply Can’t Keep Up With Demand
As supply chain issues and labor shortages continue to impact the housing market, builders have not been able to make progress toward closing the gap in new home demand. A new report released this week by Realtor.com found that the gap between single-family home construction and household formations grew from 3.84 million homes at the beginning of 2019 to 5.8 million homes at the end of 2021.
February 2022 – Real News You Can Use Newsletter – Vol. 6 Issue 2
February 1st, 2022 Real News You Can Use! A Real Estate Newsletter from Boston! Read it here. Lead Story: Boston Rents Reach All-Time High! Other Real Estate articles include. 5 Real Estate Trends to Watch Out For in February, Sellers: Don’t Wait Until Spring To Make Your Move, Hidden Financial Traps for First-Time Homebuyers to Avoid, Fed Rate Hikes Are Coming — How to Tackle Your Savings, Mortgage, Car Payments, and Credit-Card Debt in Advance, Ice Dams It! How to Fix it!
Sellers: Don’t Wait Until Spring To Make Your Move
As you plan out your goals for the year, moving up to your dream home may top the list. But, how do you know when to make your move? Sellers: Don’t Wait Until Spring To Make Your Move