Current mortgage rates for this Tuesday afternoon are mostly holding steady. The national average for the 30 year fixed mortgage is 4.45% and the average rate for the 15-year mortgage is 3.91%. (more…)
Housing demand in San Diego, California dropped approximately 19% month over month to 119 in February, according to the latest Index report released this week from Redfin.
The fall in demand was due to the lack of supply of homes currently available for sale.
I released the National Index from Redfin which showed a 14.1% month over month – the lowest level of homebuyer demand in 11 months.
Housing demand dropped 14.1% month over month to 110 in February, according to the latest Index report released this week from the Seattle based online real estate brokerage, Redfin.
Redfin stated that this represents the lowest level of homebuyer demand in 11 months and the largest month-over-month decline on record for the Demand Index, going back to January 2013. (more…)
Mortgage rates remain steady for the week ending March 22, 2018, after increasing the previous week for the first time in 2018, according to the latest Freddie Mac report.
Freddie Mac reported the 30 year fixed mortgage average was 4.45% with an average 0.5 point, which was up slightly from 4.4% the week prior. A year ago at this time, it was 4.23%. (more…)
Mortgage applications decreased 1.1% on a seasonally adjusted basis from one week earlier for the week ending March 16, 2018, according to the latest weekly report from the Mortgage Bankers Association (MBA). (more…)