Mortgage rates have increased for seven consecutive weeks, creating openings for buyers who have managed to withstand this tough housing market.
The average rate on a 30-year fixed-rate mortgage was 5.11% as of the week ending April 21, representing an increase of 11 basis points from the previous week, Freddie Mac FMCC reported Thursday. One basis point is equal to one hundredth of a percentage point, or 1% of 1%. The most recent home-listings data from Realtor.com showed that the number of new listings was down 13% compared to a year ago. Researchers cautioned that the downturn could be a reflection of the Easter holiday, which coincided with spring breaks for many children, so families may be holding off on putting their properties on the market.
Source: News Formal (newsformal.com)
Nobody is quicker to make hasty and evidence lacking predictions than financial industrialists.
All depends on the Zip Code and inventory!
I don’t think so.
Nicely orchestrated GMT $GMT Exactly of how we anticipated on Luna during Lunarnewyear bitcoin BTC are you ready
First time?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
You Might Be Paying For A Worthless Gas PlantAs mortgage rates rise across the United States, imagine this: someone offers to sell you a brand-new home; Paying for a Worthless Gas Plant? No i keep gas from 3,25 $ Didn't make one point. Could see some coal plants being built also. New energy is a long way from being it. Like 50 years from now.
Source: cleantechnica - 🏆 565. / 51 Read more »
March home sales fall as mortgage rates, home prices climbSales of previously occupied U.S. homes slowed in March to the slowest pace in nearly two years as a swift rise in mortgage rates and record-high prices discouraged would-be homebuyers.
Source: ksatnews - 🏆 442. / 53 Read more »
Opinion | A Home Is Your Castle Against Rising InflationFrom WSJopinion: Houses, like most physical assets, retain their real value during high inflation and have done far better than most such assets, writes Kotlikoff opinion Kotlikoff Resume writing services... Go to NOW Use code 'NEW10' for 10% discount on your entire order... $BTC $ETH $LTC $ETC $XVG $XRP $XLM $XDN $SC $LINDA $MINT $NEO $BCH $TRX $XMR $OMG $IOTA $ZEC $XEM $IOST $ADA $TPAY $DASH $ICX $POE $ARK $LISK $HOT $BCN opinion Kotlikoff Yeah, I remember that line from 2008 too opinion Kotlikoff Mortgage rates will be at 7% soon and the housing market will collapse. Unlike 2008 the fed cannot lower the rates.
Source: WSJ - 🏆 98. / 63 Read more »
New Zealand first-quarter inflation rate rises to 30-year highNew Zealand's annual consumer price index (CPI) hit a three-decade high in the first quarter, underlining the central bank’s hawkish stance to contain price pressures bubbling in the economy.
Source: Reuters - 🏆 2. / 97 Read more »
Bitcoin (BTC) Price Analysis for April 20Can BTC start growing faster than altcoins? WhalePanda maxkeiser Rager BTChasrate BTCmining WhalePanda maxkeiser Rager 🤞
Source: Utoday_en - 🏆 295. / 63 Read more »
California job market ranks 8th most-volatile in USCalifornia’s job market lived with far above-average gyrations in the past three decades.
Source: ladailynews - 🏆 332. / 59 Read more »