by National Association of REALTORS | Feb 8, 2024 | Finance, NAR-Instant Reaction
For the eighth week in a row, there has been overall stability for the 30-year fixed mortgage interest rate. Today, mortgage interest rates averaged 6.64% for the week. At the beginning of the week, the 10-year treasury moved higher, now at 4.1%, providing conjecture...
by National Association of REALTORS | Feb 1, 2024 | Finance, NAR-Instant Reaction
Mortgage interest rates ticked down slightly this week to 6.63% from 6.69% the previous week. This change does not make a measurable difference in the monthly mortgage payment for a buyer—just $13 for a $400,000 home with 20% down. But what is clear for buyers, and...
by National Association of REALTORS | Jan 25, 2024 | Finance, NAR-Instant Reaction
This week, there is a lot of good news in the housing sector. For the sixth consecutive week, mortgage interest rates stayed in the range of 6.6% and are now at 6.69%. Home buyers are responding to the lowering of mortgage interest rates, and foot traffic (according...
by National Association of REALTORS | Jan 18, 2024 | Finance, NAR-Instant Reaction
Home buyers should be pleased with the continuing drop in mortgage interest rates this week. If they can find a home, they can lock in a mortgage interest rate of 6.60% this week, down from 6.66% last week. This is the lowest mortgage interest rate in eight months...
by National Association of REALTORS | Jan 11, 2024 | Finance, NAR-Instant Reaction
Consumer price inflation rose 3.4% in December, which is a bit higher than the 3.1% recorded in November. But the longer-term underlying trend is clear, with inflation being much calmer now compared to 2022. The latest inflation numbers do not change the trajectory of...
by National Association of REALTORS | Jan 11, 2024 | Finance, NAR-Instant Reaction
Mortgage interest rates continue to hold steady at 6.66% this week. As mortgage interest rates have been flat since December 21, home buyers can plan smartly as they enter the buying market. Potential buyers know the homes they view are within their price range...
