November 30, 2023
“Market sentiment has significantly shifted over the last month, leading to a continued decline in mortgage rates,” said Sam Khater, Freddie Mac’s Chief Economist. “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.”
Mortgage Interest Rates
Average 30-year conventional fixed-rate is 7.22%
Average FHA 30-year fixed-rate APR is 6.43%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
November 09, 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,” said Sam Khater, Freddie Mac’s Chief Economist. “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.”
Mortgage Interest Rates
Average 30-year conventional fixed-rate is 7.5%
Average FHA 30-year fixed-rate APR is 6.81%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
November 02, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 7.76%
Average FHA 30-year fixed-rate APR is 7.92%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
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,” said Sam Khater, Freddie Mac’s Chief Economist. “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.”
Mortgage Interest Rates
Average 30-year conventional fixed-rate is 7.79%
Average FHA 30-year fixed-rate APR is 8.17%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
October 19, 2023
“Mortgage rates continued to approach eight percent this week, further impacting affordability,” said Sam Khater, Freddie Mac’s Chief Economist. “In this environment, it’s important that borrowers shop around with multiple lenders for the best mortgage rate. With research showing down payment is the single largest barrier to first-time homebuyers attaining homeownership, borrowers should also ask their lender about down payment assistance. Launched this week, Freddie Mac’s DPA One® tool helps lenders and homebuyers identify and take advantage of down payment assistance programs nationwide.”
Mortgage Interest Rates
Average 30-year conventional fixed-rate is 7.63%
Average FHA 30-year fixed-rate APR is 8.36%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
October 12, 2023
“For the fifth consecutive week, mortgage rates rose as ongoing market and geopolitical uncertainty continues to increase,” said Sam Khater, Freddie Mac’s Chief Economist. “The good news is that the economy and incomes continue to grow at a solid pace, but the housing market remains fraught with significant affordability constraints. As a result, purchase demand remains at a three-decade low.”
Mortgage Interest Rates
Average 30-year conventional fixed-rate is 7.57%
Average FHA 30-year fixed-rate APR is 7.97%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
October 05, 2023
“Mortgage rates maintained their upward trajectory as the 10-year Treasury yield, a key benchmark, climbed,” said Sam Khater, Freddie Mac’s Chief Economist. “Several factors, including shifts in inflation, the job market and uncertainty around the Federal Reserve’s next move, are contributing to the highest mortgage rates in a generation. Unsurprisingly, this is pulling back homebuyer demand.”
Mortgage Interest Rates
Average 30-year conventional fixed-rate is 7.49%
Average FHA 30-year fixed-rate APR is 8.04%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
September 28, 2023
“The 30-year fixed-rate mortgage has hit the highest level since the year 2000,” said Sam Khater, Freddie Mac’s Chief Economist. “However, unlike the turn of the millennium, house prices today are rising alongside mortgage rates, primarily due to low inventory. These headwinds are causing both buyers and sellers to hold out for better circumstances.”
Mortgage Interest Rates
Average 30-year conventional fixed-rate is 7.31%
Average FHA 30-year fixed-rate APR is 8.01%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
September 21, 2023
“Mortgage rates continue to linger above seven percent as the Federal Reserve paused their interest rate hikes,” said Sam Khater, Freddie Mac’s Chief Economist. “Given these high rates, housing demand is cooling off and now homebuilders are feeling the effect. Builder sentiment declined for the first time in several months and construction levels have dipped to a three-year low, which could have an impact on the already low housing supply.”
Mortgage Interest Rates
Average 30-year conventional fixed-rate is 7.19%
Average FHA 30-year fixed-rate APR is 7.79%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
September 14, 2023
“Mortgage rates inched back up this week and remain anchored north of seven percent,” said Sam Khater, Freddie Mac’s Chief Economist. “The reacceleration of inflation and strength in the economy is keeping mortgage rates elevated. However, potential homebuyers can still benefit during these times of high mortgage rates by shopping around for the best rate quote. Freddie Mac research suggests homebuyers can potentially save $600-$1,200 annually by applying for mortgages from multiple lenders.”
Mortgage Interest Rates
Average 30-year conventional fixed-rate is 7.18%
Average FHA 30-year fixed-rate APR is 7.57%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
September 07, 2023
“For the fourth consecutive week, the 30-year fixed-rate mortgage hovered above seven percent,” said Sam Khater, Freddie Mac’s Chief Economist. “The economy remains buoyant, which is encouraging for consumers. Though while inflation has decelerated, firmer economic data have put upward pressure on mortgage rates which, in the face of affordability challenges, are straining potential homebuyers.”
Mortgage Interest Rates
Average 30-year conventional fixed-rate is 7.12%
Average FHA 30-year fixed-rate APR is 7.51%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
August 24, 2023
“This week, the 30-year fixed-rate mortgage reached its highest level since 2001 and indications of ongoing economic strength will likely continue to keep upward pressure on rates in the short-term,” said Sam Khater, Freddie Mac’s Chief Economist. “As rates remain high and supply of unsold homes woefully low, incoming data shows that existing homes sales continue to fall. However, there are slightly more new homes available, and sales of these new homes continue to rise, helping provide modest relief to the unyielding housing inventory predicament.”
Mortgage Interest Rates
Average 30-year conventional fixed-rate is 7.23%
Average FHA 30-year fixed-rate APR is 7.52%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
August 17, 2023
“The economy continues to do better than expected and the 10-year Treasury yield has moved up, causing mortgage rates to climb,” said Sam Khater, Freddie Mac’s Chief Economist. “The last time the 30-year fixed-rate mortgage exceeded seven percent was last November. Demand has been impacted by affordability headwinds, but low inventory remains the root cause of stalling home sales.”Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.09 percent, reaching its highest level in over twenty years.
Mortgage Interest Rates
Average 30-year conventional fixed-rate is 7.09%
Average FHA 30-year fixed-rate APR is 7.77%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
August 10, 2023
“For the third straight week, mortgage rates continued creeping up and are now just shy of seven percent,” said Sam Khater, Freddie Mac’s Chief Economist. “There is no doubt continued high rates will prolong affordability challenges longer than expected, particularly with home prices on the rise again. However, upward pressure on rates is the product of a resilient economy with low unemployment and strong wage growth, which historically has kept purchase demand solid.”
Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.96%
Average FHA 30-year fixed-rate APR is 7.62%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
August 03, 2023
“The combination of upbeat economic data and the U.S. government credit rating downgrade caused mortgage rates to rise this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Despite higher rates and lower purchase demand, home prices have increased due to very low unsold inventory.”
Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.90%
Average FHA 30-year fixed-rate is 7.56%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
July 27, 2023
“Mortgage rates inched up slightly after a significant decline last week,” said Sam Khater, Freddie Mac’s Chief Economist. “Higher interest rates continue to dampen activity in interest rate-sensitive sectors, such as housing. However, overall U.S. consumer confidence is unwavering, surging to a two-year high in the Conference Board’s Consumer Confidence Index for July 2023. Rising consumer confidence often leads to greater spending, which could drive more consumers into the housing market.”
July 28, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.81%
Average FHA 30-year fixed-rate is 7.55%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
July 20, 2023
“As inflation slows, mortgage rates decreased this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Still, the ongoing shortage of previously owned homes for sale has been a detriment to homebuyers looking to take advantage of declining rates. On the other hand, homebuilders have an edge in today’s market, and incoming data shows that homebuilder sentiment continues to rise.”
July 20, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.78%
Average FHA 30-year fixed-rate is 7.28%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
July 13, 2023
“Mortgage rates increased to their highest level since November 2022, the last time rates broke seven percent,” said Sam Khater, Freddie Mac’s Chief Economist. “Incoming data suggest that inflation is softening, falling to its lowest annual rate in more than two years. However, increases in housing costs, which account for a large share of inflation, remain stubbornly high, mainly due to low inventory relative to demand.”
July 13, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.96%
Average FHA 30-year fixed-rate is 7.34%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
June 01, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.79%
Average FHA 30-year fixed-rate is 7.19%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
May 18, 2023
“The 30-year fixed-rate mortgage averaged 6.39 percent this week, as economic crosscurrents have kept rates within a ten-basis point range over the last several weeks,” said Sam Khater, Freddie Mac’s Chief Economist. “After the substantial slowdown in growth last fall, home prices stabilized during the winter and began to modestly rise over the last few months. This indicates that while affordability remains a hurdle, homebuyers are getting used to current rates and continue to pursue homeownership.”
May 18, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.39%
Average FHA 30-year fixed-rate is 7.08%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
Apil 28, 2023
“The 30-year fixed-rate mortgage increased modestly for the second straight week, but with the rate of inflation decelerating rates should gently decline over the course of 2023,” said Sam Khater, Freddie Mac’s Chief Economist. “Incoming data suggest the housing market has stabilized from a sales and house price perspective. The prospect of lower mortgage rates for the remainder of the year should be welcome news to borrowers who are looking to purchase a home.”
April 28, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.43%
Average FHA 30-year fixed-rate is 6.97%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
April 13, 2023
“Mortgage rates decreased for the fifth consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “Incoming data suggest inflation remains well above the desired level but showing signs of deceleration. These trends, coupled with tight labor markets, are creating increased optimism among prospective homebuyers as the housing market hits its peak in the spring and summer.”
April 13, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.27%
Average FHA 30-year fixed-rate is 6.84%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
April 06, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.28%
Average FHA 30-year fixed-rate is 6.71%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
March 30, 2023
“Economic uncertainty continues to bring mortgage rates down,” said Sam Khater, Freddie Mac’s Chief Economist. “Over the last several weeks, declining rates have brought borrowers back to the market but, as the spring homebuying season gets underway, low inventory remains a key challenge for prospective buyers.”
March 23, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.32%
Average FHA 30-year fixed-rate is 6.87%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
March 23, 2023
“Mortgage rates continued to slide down as financial market concerns came to the fore over the last two weeks,” said Sam Khater, Freddie Mac’s Chief Economist. “However, on the homebuyer front, the news is more positive with improved purchase demand and stabilizing home prices. If mortgage rates continue to slide over the next few weeks, look for a continued rebound during the first weeks of the spring homebuying season.”
March 23, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.42%
Average FHA 30-year fixed-rate is 6.65%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
March 17, 2023
“Mortgage rates are down following an increase of more than half a percent over five consecutive weeks,” said Sam Khater, Freddie Mac’s Chief Economist. “Turbulence in the financial markets is putting significant downward pressure on rates, which should benefit borrowers in the short-term. During times of high mortgage rate volatility, homebuyers would greatly benefit from shopping for additional rate quotes. Our research concludes that homebuyers can potentially save $600 to $1,200 annually by taking the time to shop among multiple lenders.”
March 17, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.60%
Average FHA 30-year fixed-rate is 7.03%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
March 1, 2023
California REALTORS® applaud bill to raise capital gains exclusion and free up housing inventory
LOS ANGELES (March 1) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the “More Homes on the Market Act,” reintroduced today by House Representatives Jimmy Panetta (D-CA) and Mike Kelly (R-PA). The bipartisan bill increases the capital gain exclusion amounts on the sale of a principal residence to $500,000 for single filers and $1 million for joint filers and indexes the exclusion for inflation.
“California REALTORS® thank Congressman Panetta for reintroducing the ‘More Homes on the Market Act.’ This bill will provide necessary tax relief for California homeowners, particularly senior citizens, who have been unable to move because of the tax burden that could result if they were to sell,” said C.A.R. President Jennifer Branchini, a Bay Area REALTOR®.
“For working Californians, a home is their biggest and most important investment. However, because the capital gains exclusion was passed 25 years ago with no indexing for inflation, fewer and fewer families have been able to downsize and access the equity built up in their homes. This has resulted in fewer homes being available for younger and first-time homebuyers to move into, which has driven up demand and home prices even more.”
The National Association of REALTORS® estimates that in California, as many as 95 percent of single homeowners and 68 percent of married homeowners who purchased their homes before 2000 could face capital gains tax if they sold their home this year.
March 02, 2023
"As we started the year, the 30-year fixed-rate mortgage decreased with expectations of lower economic growth, inflation and a loosening of monetary policy. However, given sustained economic growth and continued inflation, mortgage rates boomeranged and are inching up toward seven percent," said, Sam Khater, Freddie Mac's Chief Economist.
March 02, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.65%
Average FHA 30-year fixed-rate is 7.26%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
February 23, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.50%
Average FHA 30-year fixed-rate is 7.09%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
February 16, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.32%
Average FHA 30-year fixed-rate is 7.08%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
February 09, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.12%
Average FHA 30-year fixed-rate is 6.80%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
February 02, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.09%
Average FHA 30-year fixed-rate is 6.58%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
January 20, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.15%
Average FHA 30-year fixed-rate is 6.57%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
January 12, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.33%
Average FHA 30-year fixed-rate is 6.74%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
January 05, 2023 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.48%
Average FHA 30-year fixed-rate is 6.82%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
Mortgage Rates Inch Up
January 5, 2023
Mortgage application activity sunk to a quarter century low this week as high mortgage rates continue to weaken the housing market. While mortgage market activity has significantly shrunk over the last year, inflationary pressures are easing and should lead to lower mortgage rates in 2023. Homebuyers are waiting for rates to decrease more significantly, and when they do, a strong job market and a large demographic tailwind of Millennial renters will provide support to the purchase market. Moreover, if rates continue to decline, borrowers who purchased in the last year will have opportunities to refinance into lower rates.
(Source: Freddie Mac)
December 29, 2022 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.42%
Average FHA 30-year fixed-rate is 6.07%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
December 08, 2022 Mortgage Interest Rates
Mortgage rates decreased for the fourth consecutive week, due to increasing concerns over lackluster economic growth, said Sam Khater, Freddie Mac's Chief Economist. The largest declined since 2008.
Average 30-year conventional fixed-rate is 6.33%
Average FHA 30-year fixed-rate is 6.95%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
December 01, 2022 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.49%
Average FHA 30-year fixed-rate is 6.72%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
November 23, 2022 Mortgage Interest Rates
Average 30-year conventional fixed-rate is 6.58%
Average FHA 30-year fixed-rate is 6.88%
For your actual rate contact your mortgage broker
Refinance rates may be different
Fees/Points not included in above rates
(Source: Freddie Mac and Bankrate)
November 02, 2022
As expected the Federal Reserve raised their interest rate by 0.75% for the fourth time in a row, and sixth rate hike this year.
September 21, 2022
As expected the Federal Reserve raised their interest rate by 0.75%, again. What does this mean?...It will be more expensive to borrow money; revolving debt. Here are 4 things that could and more likely will be more expensive:
1. Credit cards
2. Auto financing
3. New mortgage
4. Adjustable-rate mortgages including HELOC and home equity line of credit
July 27, 2022
As expected the Federal Reserve raised their target fund rate by 0.75% today.
The federal funds rate, which is set by the U.S. central bank, is the interest rate at which banks borrow and lend to one another overnight. Although, it's not the rate us consumers pay, the Fed's moves still affect the borrowing and saving rates we see every day.
15-year and 30-year mortgage rates are fixed and tied to Treasury yields and the economy, not the Fed's target rate.
This rate affects for example credit cards and home equity lines of credit.
(Source: CNBC. Full article at CNBC.com)
July 18, 2022: June Home Sales and Price Report
The California Association of Realtors reported today California's housing market continued to downshift in June as housing demand cooled further to levels not seen in the past two years and entered its biggest dip since May 2020. June's statewide median home price paid was, $863,790 down 4.0% from the record-high of $900,170 in May 2022 and up 5.4% from June 2021.
Supply and demand along with historically low mortgage rates have driven up the home prices in the last couple of years. In a normal market, it would take seven or more years to build the wealth in a home that the majority of Californians gained in the past two years.
The California housing market is cooling off and, in a slowdown. A slowdown is not a bubble or crash. Economist and other real estate experts including myself, believe it is not a bubble or a crash, nor heading into one. Why? This is not the same housing market of 2008. Since The Great Recession of 2008, mortgages are structured differently, lenders (banks) tightened up their mortgage standards and regulations, homeowners have equity in their homes, housing inventories remain low, and real estate can be a hedge against inflation.
We have seen more homes come on the market for sale in the past few months and weeks, but housing inventory remains low. These listings are selling quickly if priced correctly and the vast majority of homes sold are still receiving multiple offers on them, but they are not receiving the number of offers that they would have received a few months ago. We are seeing two to four offers, not twenty or more!
There was a 2.5-month supply of homes for sale in June 2022 up from 2.1-month supply of homes for sale in May 2022 and a 1.7-month supply from June 2021. While the supply is up slightly a 2.5-month is still a low level. A normal market has a 5-6-month supply of homes on the market for sale.
Pricing your home correctly and accordingly to today's housing market will save you time and money. A new listing gets lots excitement and urgency from prospective buyers when it's new on the market. The longer a home stays on the market for sale, it loses its excitement, and prospective buyers may start questioning the reasons why it's still available for sale.
It is predicted by economist and the National Association of Realtors; the Federal Reserve will continue to raise the mortgage rates this year. However, even with this increase mortgage rates they will continue to be historically low-below 8% in 2022.
I am on top of the real estate housing and financial market and conditions, and here to help you navigate with these changing times. Call me today with any questions, or to find out if buying or selling is right for you.
Dawn Gonzales
REALTOR®
818.535.6493
DRE # 01199429