Loan limits will likely go up to $625K in 2022, but FHFA hasn’t announced it yet. Still, higher home values have convinced some lenders to boost loan limits now.WASHINGTON –
Low 30-Year Rates Keep Buyers in Summer Market ☘ Hoey Team ☘ eXp Realty
Dated: July 5 2019
Mortgage rates barely budged this week, keeping borrowing costs low for summertime home shoppers. Mortgage rates continue to hover near their 2016 averages. “We’re seeing a tug of war happen as the fixed-income market flashes warning signs while the equities market continues to march higher with optimism,” says Sam Khater, Freddie Mac’s chief economist. “The data suggests the economy is weakening but is still on very solid ground, with high consumer confidence and a strong labor market. Closer to home, the housing market continues to slowly improve and gain momentum as we head into the second half of the year, which is good news and should keep the economy growing.”
Freddie Mac reported the following averages for mortgage rates for the week ending July 3:
- 30-year fixed-rate mortgages: averaged 3.75%, with an average 0.6 point, up slightly from last week’s 3.73% average. Last year at this time, 30-year rates averaged 4.52%.
- 15-year fixed-rate mortgages: averaged 3.18%, with an average 0.5 point, rising from last week’s 3.16% average. A year ago, 15-year rates averaged 3.99%.
- 5-year hybrid adjustable-rate mortgages: averaged 3.45%, with an average 0.4 point, rising from last week’s 3.39% average. A year ago, 5-year ARMs averaged 3.74%.
Sources Realtor magazine and Freddie Mac
Also; please check out the other blogs, and tabs to many other different Links, Updates & Reports that we have here on our informational website. ☘
"We hope that you find the information useful. If you have any questions, please do not hesitate to contact Kim or Barry with the Hoey Team, email us at Barry@SWFLLuxury.Com or KimZuponcic@Gmail.com or Call/Text the Hoey Team at: (239)-360-5527
Please Share this Page with anyone who you think the info will help. Feel free to refer any family or friends; it is the greatest compliment that you can give to us; we really appreciate referrals, and we will help in any way we can. Most of our business is referrals by word of mouth from past Sellers and Buyers who we have helped; please ask for and check out our testimonials. Thanks, Barry & Kim"
"Your Real Estate Concierge" If you are looking for a REALTOR® or one-stop Real Estate Team who will fully communicate; promptly, professionally, and in detail with you, to efficiently help you wit....
Latest Blog Posts
A price increase of almost 20% year-to-year is unheard of – until now. Home prices hit record highs in 19 of the 20 cities included in monthly Case-Shiller reports.WASHINGTON (AP) ;
Today’s market isn’t like the boom-bust cycle leading up to the Great Recession: Tough loan standards are the norm, plus many factors have kept housing supply low.MCLEAN, Va. –
Hello,Barry & Kim with the Hoey Team 🍀 239RealEstateDeals.Com LLC ☘ hope that you and yours are doing good; wherever you are located at this time.Hot off the press