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Inventory

November 13, 2023 by MSLLC Base

Filed Under: Inventory

As Treasury Yields Decline, Mortgage Rates Move Down

November 9, 2023 by MSLLC Base

November 9, 2023
As Treasury yields decline, the 30-year fixed-rate mortgage dropped a quarter of a percent, the largest one-week decrease since last November. Incoming data show that household debt continues to rise, primarily due to mortgage, credit card and student loan balances. Many consumers are feeling strained by the high cost of living, so unless mortgage rates decrease significantly, the housing market will remain stagnant.

Information provided by Freddie Mac.

Filed Under: Interest Rates

New Listings and Pending Sales

November 6, 2023 by MSLLC Base

Filed Under: Listings and Pendings

Inventory

November 6, 2023 by MSLLC Base

Filed Under: Inventory

After a Multi-week Climb, Mortgage Rates Level Off

November 2, 2023 by MSLLC Base

November 2, 2023
The 30-year fixed-rate mortgage paused its multi-week climb but continues to hover under eight percent. The Federal Reserve again decided not to raise interest rates but have not ruled out a hike before year-end. Coupled with geopolitical uncertainty, this ambiguity around monetary policy will likely have an impact on the overall economic landscape and may continue to stall improvements in the housing market.

Information provided by Freddie Mac.

Filed Under: Interest Rates

New Listings and Pending Sales

October 30, 2023 by MSLLC Base

Filed Under: Listings and Pendings

Inventory

October 30, 2023 by MSLLC Base

Filed Under: Inventory

Mortgage Rates Continue to Climb Toward Eight Percent

October 26, 2023 by MSLLC Base

October 26, 2023
For the seventh week in a row, mortgage rates continued to climb toward eight percent, resulting in the longest consecutive rise since the Spring of 2022. Rates have risen two full percentage points in 2023 alone and, as we head into Halloween, the impacts may scare potential homebuyers. Purchase activity has slowed to a virtual standstill, affordability remains a significant hurdle for many and the only way to address it is lower rates and greater inventory.

Information provided by Freddie Mac.

Filed Under: Interest Rates

New Listings and Pending Sales

October 23, 2023 by MSLLC Base

Filed Under: Listings and Pendings

Inventory

October 23, 2023 by MSLLC Base

Filed Under: Inventory

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