by Carole Hiu Miller | Sep 14, 2023 | Housing Market Updates, Interest Rates, Mortgage Rates
Hey folks, let’s talk mortgages and what’s been happening lately. First off, the big news is that the average contract interest rate for 30-year fixed-rate mortgages, especially those conforming to loan balances of $726,200 or less, took a little dip. It went...
by Carole Hiu Miller | Jul 10, 2023 | Interest Rates, Mortgage Rates
Great news for prospective homebuyers and those looking to refinance! Despite minimal changes in June, mortgage rates, which had surpassed the 6.5% mark in late May, presented some minor dips that motivated borrowers eagerly took advantage of. According to...
by Carole Hiu Miller | Apr 11, 2023 | Advice for Buyers & Sellers, Home Buying, Market updates, Mortgage Rates
As we near the end of March 2023, the mortgage market has seen some movement in interest rates. According to Bankrate.com, the average rate on a 30-year fixed mortgage is 6.93%, while the average rate on a 15-year mortgage is 6.18%. Jumbo mortgages with a 30-year term...
by Carole Hiu Miller | Feb 7, 2023 | Housing Market Updates, Interest Rates, Mortgage Rates
Understanding mortgage rate interest is essential if you’re in the market for a home or just trying to get a better handle on your current mortgage loan. When it comes to mortgages, the interest rate can be confusing—it’s not always as straightforward as we might like...
by Carole Hiu Miller | Dec 12, 2022 | Housing Market Updates, Interest Rates, Millennial home, Mortgage Rates, Price Growth
In a world where things are changing rapidly, it can be hard to predict what an industry will look like. But that doesn’t mean predictions aren’t worth exploring, especially regarding the housing market. With more than half of all Americans being homeowners,...
by Carole Hiu Miller | Sep 13, 2022 | Budget Statistics, Costs, Housing Market Updates, Mortgage Rates, Real Estate Finances
During the pandemic, the U.S. housing market was red hot. Homebound people looked for new places to live, millennials were looking for their first homes, and low-interest record rates enticed buyers. When the slowdown came, it came quickly—spurred by inflation and the...
