Instant Reaction: Mortgage Rates, July 03, 2024
Facts: The 30-year fixed mortgage rate from Freddie Mac increased to 6.95% over the last week from 6.86%. This is the first weekly increase since May 30. At 6.95%, with 20% down, a monthly mortgage payment on a home of $400,000 is $2,118. Positive: While mortgage rates increased this week and afford
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June 2024 Commercial Real Estate Market Insights
" data-src="https://cdn.nar.realtor/sites/default/files/styles/wysiwyg_small2/public/2024-06-commercial-real-estate-market-insights-report-cover-07-02-2024-300w-434h.png?itok=l7MvEWzP" class="b-lazy" width="200" height="289" alt="Cover of the June 2024 Commercial Real Estate Market Insights report"
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Pending Sales in May 2024 Hit a New Low
NAR released a summary of pending home sales data showing that May’s pending home sales fell 2.1% from last month and decreased 6.6% from a year ago. " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/economists-outlook-pending-home-sales-may-2023-to-may-202
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