The avg. 30yr FRM rises to 6.95% https://lnkd.in/dewSAVAZ Chief Economist Sam Khater: "Mortgage rates increased this week. We're still expecting rates to moderately decrease in the second half of the year and given additional inventory, price growth should temper."
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Today’s decision by the Bank of England means #mortgagerates will remain relatively stable over the coming weeks. That’s good news for borrowers, who have endured a volatile few years in the #propertymarket. Read the full article here for more information, including how today's news has impacted #mortgage rates: https://bit.ly/3HJgeZQ
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With limited progress on inflation in recent months, and the unemployment rate still very low, the Fed voted on May 1 to keep short-term rates steady. (They did, at least, pretty much rule out further rate hikes!) Regardless, the high-season for real estate transaction is HERE, with 30% more homes for sale nationwide than at the same time last year. #housingmarket #realestatenews #housingmarketupdates #realestatemarket #mortgage #realestate #whatsupwithrealestate https://lnkd.in/gSSA6Z-2
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With limited progress on inflation in recent months, and the unemployment rate still very low, the Fed voted on May 1 to keep short-term rates steady. (They did, at least, pretty much rule out further rate hikes!) Regardless, the high-season for real estate transaction is HERE, with 30% more homes for sale nationwide than at the same time last year. #housingmarket #realestatenews #housingmarketupdates #realestatemarket #mortgage #realestate #whatsupwithrealestate https://lnkd.in/gvrVQdB2
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Here is August 2023 market analysis: - Detached declined by -0.77 from Jul 2023 - Semi declined by -3.0% from Jul 2023 - Towns declined by -2.0 from Jul 2023 - Condos declined by -3.9% from Jul 2023 - Overall declined by -3.2% from Jul 2023 That tells us the market is still in decline on monthly basis since the first interest rate increase after no change at the beginning of 2023, however the decline has is less from Jun to Jul 2023, and the least decrease in price growth is the detached segment. Let's wait for Sep 2023 results which comes after no change in interest rate in last meeting of BoC. #realtors #mortgage #boc #realestate
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Real Estate Agent, Servicing Western Sydney Region. Helping people unlock the power of ordinary income and create wealth through Real Estate buying, selling, investing, refinancing.
Most of the economists and the big 4 banks are predicting that there will be 1-3 interest rates cut this year. But even if that happens, the average variable rate will still be at 5.5-6%. So you won’t see that 2% or 2.5% variable rate during covid-19. Keep that in mind if you want to buy a property or you’re on variable at the moment, so you don’t go over your budget. #interestrates #mortgageloan #realestatebuyer #homeowners #homemortgage
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Michigan Mortgage Broker 313-655-2423 chris@irismortgage.com NMLS 1526088 at Iris Mortgage LLC NMLS 2084717
Interest rate cut predictions 2024 ✂️ Insider compiled nine recent expert predictions for when the first rate cut would come. The Federal Reserve has raised interest rates to combat inflation, but many experts predict it will move more cautiously — and perhaps even cut rates — over the next 12 to 18 months, in response to slowing inflation and the prospect of a weakening US economy. At Iris Mortgage, we are actively monitoring indicators of a recession to reach out to our current database for refinance opportunities and to stay in tune with the needs of our buyers. You can read all of the expert responses here, including yours truly: https://lnkd.in/gH2aXtH7
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After a few days where it's been somewhat challenging to sort through the most relevant market movement considerations (war vs Fed speakers vs technicals), we finally have a logical, obvious correlation between a known market mover and the resulting market movement. While the edification of "data dependency" is nice to see, the direction of the movement isn't as nice. In today's case, a moderately hotter CPI reading brings an end to two days of rally momentum and is currently pushing yields higher. #homeloans #homebuying #buyahouse #homebuyingtips #firsttimehomebuyer #loanofficer #homebuyer #mortgagerates #realty #preapproval #mortgage #loanofficers #realtor #fixedmortgages #rates #interestrates #CPI #Federalreserve
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Update on the Federal Reserve Meeting on 3/20. 🚊The federal reserve is going to hold rates steady for the time being. 🕊️Board members are going to continue to monitor inflation as the target goal is still 2% ✅3 Rate cuts are still on the table for sometime this year 🚀The stock market reacted positively to the news, fingers crossed we see an improvement in mortgage interest rates as a result of news. . . . #federalreservemeeting #interestrates #realestatetrends #Mortgage #loanofficer #mortgageloanofficer #realestate2024 #floridarealestate #bigfish #officedecor #endofdayvideo
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The Fed's pivot from 'maybe more hikes' to 'cuts next year' had the markets in ecstasy. The Dow and S&P 500 hit all-time records. The yield on the 10-yr US treasury went below 4%. And average 30-year mortgage rates fell to 6.6%. That's a decrease of nearly 150 bps (1.5%) in just two months. #jenniesellstheblockbr #pennantrealestate #thechampionshipgroup #louisiana #louisianarealtor #louisianarealestate #batonrouge #batonrougerealtor #batonrougerealestate #thehelpfulagent #home #houseexpert #house #listreports #househunting #finances #mortgage #investment #realestate #realtor #realestateagent #happyhome #happyhomeowners #housingmarket
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The Fed's pivot from 'maybe more hikes' to 'cuts next year' had the markets in ecstasy. The Dow and S&P 500 hit all-time records. The yield on the 10-yr US treasury went below 4%. And average 30-year mortgage rates fell to 6.6%. That's a decrease of nearly 150 bps (1.5%) in just two months. #interestrates #supplyanddemand #economy #thehelpfulagent #home #houseexpert #house #listreports #househunting #finances #mortgage #investment #realestate #realtor #realestateagent #happyhome #happyhomeowners #housingmarket #OCRealtorGuy
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