Month: April 2024

Weekly Mortgage Report – April 25, 2024

Mortgage rates are on the rise, impacting homebuyer behavior despite steady purchase demand, while the US economy experiences slower growth than expected, influencing housing market dynamics and buyer decisions. Mortgage rates continue their upward movement, increasing another seven basis points from the prior week according to the Freddie Mac Primary Mortgage Market Survey released April …

Weekly Mortgage Report – April 25, 2024 Read More »

Weekly Mortgage Report – April 11, 2024

This week’s financial update examines the continued rise in mortgage rates and robust job growth. We explore how sustained inflation and Federal Reserve policies are affecting the mortgage industry, with recent CPI data signaling a complicated path to lower inflation. Additionally, strong job market reports underscore economic resilience, influencing monetary policy.

“A good reason why you may want to offer below 5% is when you’re paying with cash (although companies who offer sellers cash for their home will typically offer 65% below market price).”

Publisher: HomeLight
Article: Is It Too Low? What Is Reasonable to Offer Below Asking Price

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