September 6, 2019 © REALTOR® MAGAZINE The 30-year fixed-rate mortgage averaged 3.49% this week, the lowest average since October 2016, Freddie Mac reports. “Mortgage rates continued the summer swoon due to weaker economic data,” says Sam Khater, Freddie Mac’s chief economist. “While economic growth is clearly slowing due to rising manufacturing and trade headwinds, economic […]
Data Shows Substantial Housing Progress Post-Recession Since the recession, the U.S. real estate housing markets have undergone a significant transformation, creating a booming real estate industry that is almost unrecognizable to the one we had just a decade ago. June marked the longest period of economic expansion for the country, reaching 121 months. What’s happened […]
Swimming holes, waterfalls, cool, high country hikes, bike rides, farmers’ markets, fly-fishing in ancient rivers, internationally acclaimed musicians playing live under a sunset sky, old time dances in one of the prettiest downtowns in the Western North Carolina mountains. What could be better than Brevard in summertime? Summer is simply special here. Here’s […]
Mortgage rates posted more drops this week, lowering the borrowing costs of potential home shoppers and refinancers. Rates are now at a nine-month low, which helped boost mortgage applications more than 20 percent this week. “Lower mortgage rates combined with continued income growth and lower energy prices are all positive indicators for consumers that should lead to […]