It was a slow Winter in our real estate market but about like any Winter before COVID. Real Estate was still selling and some of our agents enjoyed tremendous success. As Spring settles in and interest rates continue to decline, I think Hampton … [Read more...]
PUT YOUR PLAN INTO ACTION!
2023 is underway and it's time for you to PUT YOUR PLAN INTO ACTION for listing and selling real estate in the New Year. At the Rally last month, we talked about getting excited about real estate and motivated for Success in 2023. The market … [Read more...]
Reflecting on the 30-year Fixed Rate Mortgage
The sharp rise in mortgage rates from May to July of this year presents an opportunity to reflect on the merits of one pillar of the US mortgage finance system; the 30-year fixed rate mortgage. The 30-year FRM has many positive and a few negative … [Read more...]
In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses mortgage rates. As expected, the average 30-year fixed … [Read more...]
Impact of Rising Mortgage Rates on Home Sales
Mortgage rates will continue to rise. They will probably be near 5 percent by this time next year, compared to the 3.5 percent average of the past 12 months. The rates will be even higher in 2015 and 2016. Certainly, rising rates are bad news for … [Read more...]
Mortgage Rates are near record lows. How do they affect buyers qualified to buy a home?
In a previous post, we examined the impact of mortgage rates and house prices on the number of renters qualified to buy to show that lower mortgage rates, rising incomes and changes in house prices have affected the number of renters who could … [Read more...]