On Tuesday, May 4th, 2021, the average APR on a 30-year fixed-rate mortgage fell 1 basis point to 2.849%. The average APR on a 15-year fixed-rate mortgage fell 1 basis point to 2.169% and the average APR for a 5/1 adjustable-rate mortgage (ARM) fell 4 basis points to 3.079%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate […]
Mortgage rates move down to 3.04%
The average U.S. mortgage rate fell for the second consecutive week, down nine basis points to 3.04%, according to Freddie Mac’s Primary Mortgage Market Survey. Despite rates mirroring mid-march levels, Sam Khater, Freddie Mac’s chief economist, doesn’t expect them to hold. “The economy is improving on the demand side and on the supply side, a variety of goods and […]
Home sellers are feeling good about 2021
Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. And despite fierce bidding wars, competition from institutional investors and sore wrists from writing dozens of heartfelt letters to home sellers, even buyers are growing in courage these days. Fannie […]
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