The Fed Raises their Rate but Mortgage Rates Drop! The AVG Sale Price is Down but Buyer Demand

  • The Average and Median Sale Prices both relatively Flat but compared to Last Year at this Time, both were Down 6.3%
  • Interest Rates Dropped to 5.625% for the 30-year fixed this week (as of 10:15 AM on March 24th - Wells Fargo). The yield for the 10-Year Treasury (a benchmark for the 30-year fixed) is currently below 3.4% suggesting more room for the 30-year fixed to drop even more.    
  • The Supply of Homes to purchase Remained Steady for the 5th week - Increasing by 0.5%, as Buyer Demand Increased again.  +15% vs the Previous Week

Post a Comment