“Prices and sellers reached for the moon this year. It looks like we are now about to move back to Earth,” says @GeorgeRatiu w @claretrap. “For many buyers [...] this is the beginning of the market slowing down,” https://t.co/8VsQHkaLeM
In the words of Redfin journalist Tim Ellis, “If you imagine the housing market is like a lake, it's draining a lot faster than it’s filling up.” #realestate
The Freddie Mac fixed rate for a 30-year loan dropped 2 basis points to 2.86%. #Mortgage rates followed the early week slide in the 10-year Treasury yield, as investor sentiment over rising small business optimism met weaker-than-expected #inflation. @GeorgeRatiu
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The 30-year fixed mortgage rate fell again for the 4th straight week during the week of July 23 to 2.78% following the decline in the 10-year T-note to 1.26%. https://t.co/zpsws2rmxm
Ginnie Mae is set to introduce a new 40-year mortgage term for its issuers on the heels of administrative shake ups at the top of the housing industry. https://t.co/lnVs40q2gO
Mortgage rates remained attractive for buyers last week, with another decline, to 2.93%, driving higher applications for home purchases and refinances. @GeorgeRatiu https://t.co/AFHf1LWOkC