Homebuyers Are In A Bittersweet Market As Mortgage Rates Drop Below 7% But Prices Remain High

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Thu, 06/06/2024 - 1:10pm

Homebuyers are in a bittersweet market as mortgage rates drop below 7% but prices remain high

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BING NEWS:

How to be mortgage-ready by the time interest rates start to drop
The Bank of England is making its next base rate decision next month. Rates are expected to drop this summer. Here’s how to be mortgage-ready before interest rates fall ...
07/8/2024 - 1:23 am | View Link
The US housing slump deepened this spring. Where does that leave home shoppers and sellers?
The nation’s housing market sales slump is dragging on into its third straight year, as evidenced by another weak spring homebuying season.
07/8/2024 - 12:33 am | View Link
The elevated mortgage rates have been a major drag on home sales, which remain in a three-year slump.
Until the Fed begins lowering its short-term rate, long-term mortgage rates are unlikely to budge from where they are now.
07/3/2024 - 3:12 pm | View Link
The South is ranked highest for prospective homebuyers, despite high underwater mortgage rates
Buyers aren’t likely to get a break in the market anytime soon, as high prices, high interest rates and low inventory levels hang on. "Mortgage rate ... 200 basis points drop in the 10-year ...
07/3/2024 - 3:59 am | View Link
Mortgage rates trickle down, but high prices keep buyers out of the market: Freddie Mac
Prospective homebuyers didn't get much relief on mortgage rates this week as the average 30-year fixed-rate mortgages dropped from 6.87 to 6.86%.
06/28/2024 - 3:59 am | View Link
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