A dearth of for-sale homes caused a spike in prices, says NAR’s Yun: “Strengthening job-market and income gains are not being met by meaningful sales gains.” From Florida Realtors® News For more information, visit – http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=366313
Treasure Coast & Palm Beach | Real Estate News
A steady rise in April pushed the average FRM to its highest level in four years, but last week’s 4.58% average dropped this week to 4.55%. from Florida Realtors® News For more information, visit – http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=365916
Rates for home loans surged on strong economic data, taking the benchmark rate to its highest point so far this year. The 30-year fixed-rate mortgage averaged 4.47%, according to Freddie Mac’s weekly survey, out Thursday. That was five basis points higher than in the previous week, and the highest for the popular mortgage product since January 2014. The 15-year fixed-rate mortgage averaged 3.94%, up from 3.87%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.67%, up from 3.61% last week. Those rates don’t include fees associated with obtaining mortgage loans. Mortgage rates generally follow the path of the 10-year U.S. Treasury note yield, which has started to recover after being battered by trade war fears a few weeks ago. Stronger economic data and hints of firmer ...
The 30-year fixed-rate mortgage (FRM) averaged 4.42% this week, up from last week’s average 4.40%. Rates have bounced around 4.40% since mid-February. from Florida Realtors® News For more information, visit – http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=364964
Some good news on mixed news. Trade tensions escalated in recent weeks, so more investors switched to safer assets like bonds – and that cash inflow helped push mortgage rates lower. from Florida Realtors® News For more information, visit – http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=364644