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30 Year Fix Rate Mortgage Averages 6.81%

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.81%. “The average mortgage rate decreased slightly this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Over the last couple of months, the 30-year fixed-rate mortgage has fluctuated less than 20 basis points, and this stability […]
Buying

Should I Buy Now or Wait?

At some point, you’ve probably heard the saying: “Yesterday was the best time to buy a home, but the next best time is today.” That’s because homeownership is about the long game – and home prices typically rise over time. So, while you may be holding out for prices to fall or rates to improve, […]
All, Buying, Selling

What You Can Do When Mortgage Rates Are a Moving Target

Have you seen where mortgage rates have been lately? One day they go down a little. The next day, they go back up again. It can feel confusing and even frustrating if you’re trying to decide whether now’s a good time to buy a home. Take a look at the graph below. It uses data […]
Videos

If the asking price isn’t compelling, it’s not selling.

The best piece of advice for sellers today? Remember this phrase. If the asking price isn’t compelling, it’s not selling. Unfortunately, the number of sellers who are having to reduce their price is on the rise. That’s because many aren’t factoring in current market conditions. In today’s market, buyers have more options and they’re skipping […]

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