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New Listings and Pending Sales
Inventory
Mortgage Rates Drop, Hitting a Record Low for the Thirteenth Time this Year
November 19, 2020
Weaker consumer spending data, which accounts for the majority of economic growth, drove mortgage rates to a new record low. While economic growth remains unstable, strong housing demand continues to have a domino effect on many other segments of the economy.
Information provided by Freddie Mac.
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Mortgage Rates Rise
November 12, 2020
Mortgage rates jumped this week as a result of positive news about a COVID-19 vaccine. Despite this rise, mortgage rates remain about a percentage point below a year ago and the low rate environment is supportive of both purchase and refinance demand. Heading into late fall, the housing market continues to grow and buttress the economy.
Information provided by Freddie Mac.
Mortgage Rates Decrease Again
November 5, 2020
Mortgage rates hit another record low, the twelfth time this year, due to economic and political ambiguity. Despite the uncertainty that we’ve all experienced this year, the housing market, buoyed by low rates, continues to be a bright spot.
Information provided by Freddie Mac.