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New Listings and Pending Sales

December 11, 2023 by Donna Vanneste

Filed Under: The Skinny

Inventory

December 11, 2023 by Donna Vanneste

Filed Under: Weekly Report

Nearing Seven Percent, Mortgage Rates Continue to Decrease

December 7, 2023 by Donna Vanneste

December 7, 2023
The 30-year fixed-rate mortgage averaged near 7 percent this week, down from nearly 7.80 percent just six weeks ago. When rates began to rapidly drop, purchase applications rebounded initially, but this improvement in demand diminished in the last week. Although these lower rates remain a welcome relief, it is clear they will have to further drop to more consistently reinvigorate demand.

Information provided by Freddie Mac.

Filed Under: Interest Rates

New Listings and Pending Sales

December 4, 2023 by Donna Vanneste

Filed Under: The Skinny

Inventory

December 4, 2023 by Donna Vanneste

Filed Under: Weekly Report

Mortgage Rates Drop for the Fifth Consecutive Week

November 30, 2023 by Donna Vanneste

November 30, 2023
Market sentiment has significantly shifted over the last month, leading to a continued decline in mortgage rates. The current trajectory of rates is an encouraging development for potential homebuyers, with purchase application activity recently rising to the same level as mid-September when rates were similar to today’s levels. The modest uptick in demand over the last month signals that there will likely be more competition in a market that remains starved for inventory.

Information provided by Freddie Mac.

Filed Under: Interest Rates

New Listings and Pending Sales

November 27, 2023 by MSLLC Base

Filed Under: The Skinny

Inventory

November 27, 2023 by MSLLC Base

Filed Under: Weekly Report

Mortgage Rates Continue to Slide Down

November 22, 2023 by MSLLC Base

November 22, 2023
Mortgage rates continued to decrease heading into the Thanksgiving holiday. In recent weeks, rates have dropped by half a percent, but potential homebuyers continue to hold out for lower rates and more inventory. This dynamic is reflected in the latest data showing that existing home sales have fallen to a thirteen-year low.

Information provided by Freddie Mac.

Filed Under: Interest Rates

Existing Home Sales

November 22, 2023 by MSLLC Base

Filed Under: St Paul Pioneer Press

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