· But mortgage rates aren’t high enough yet to sink the market, they’re only high enough to keep some people out of the market. So why are there seemingly so few homes for sale? Even in the hottest markets, such as San Francisco, there is plenty of inventory for sale, but much of it is high-priced and difficult to reach for average buyers.
Mortgage lenders offer interest rate locks for 30 days, 45 days, 60 days and some even as long as 90 days, with the majority of buyers doing 30-day rate locks. Don’t forget interest rates aren’t.
rising mortgage rates are not deterring buyers. by Lauren Brocato. July 12, 2018. A new study by Redfin indicates that despite rising mortgage rates, soon-to-be buyers are still in the market, even if it means making some compromises.
Rising mortgage rates are not deterring buyers. by Lauren Brocato July 2, 2018. A new study by Redfin indicates that despite rising mortgage rates, soon-to-be buyers are still in the market, even if it means making some compromises.. Last month, Redfin conducted a survey of more than 4,000 people who bought or sold a home in the last year, attempted to, or planned to do so soon.
· Forbes High housing prices and rising mortgage rates don’t seem to be slowing homebuying down. By Aly J. Yale Mortgage rates hit their highest point in seven years last month, and home prices have jumped 6.5% since mid-2017. On the West Coast, many cities are seeing double-digit gains in home appreciation. But somehow, home buying isn’t [.]
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Mortgage rates have risen about half a percentage point since September. But don’t panic if you’re about to buy a home. You can lock your mortgage rate, pay discount points to reduce the rate or.
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The other possibility, however, is that rising rates force buyers #1, #2, and #3 to settle for. In a slow recovery like this, we aren’t likely to suddenly get 8% mortgage interest rates. As I.
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